The Terry County Commissioners approved a “Statement of Support” for the West Texas Regional Opportunity Economic Initiative. The statement was presented by Director of BIDCorp, David Partlow.

On December 12, 2018, President Trump signed an Executive Order establishing the White House Opportunity and Revitalization Council which encourages public and private investment in urban and economically distressed areas, including qualified opportunity zones.

The WTROEI will provide data and economic information about investable projects within our region with the intention of developing a Regional Investment Prospectus,  and will explore the creation of general and specific funding mechanisms, to support the overall efforts of this Initiative’s efforts and will work together on special economic opportunities that involve multiple governmental entities within our region, such as renewable energy. The initiative asks for all elected officials of West Texas municipalities and counties to sign off on it.

Regional Investment Prospectus

The Regional Investment Prospectus is a first-in-the-nation multi-city collaboration between property developers and city economic agencies to create a compendium of ongoing projects targeting market-rate returns looking for equity partners. The Lubbock Economic Development Alliance (LEDA) along with partnering entities is leading the creation of the prospectus.

Promoting Economic Growth in West Texas

This is the first grass-roots movement in America to coordinate economic policy for President Trump’s Opportunity Zones tax incentive program for economic growth. The West Texas region has long been known for its stable and consistent industries of livestock, oil, and cotton “food, fuel, and fiber,” making it attractive and ideally suited for long-term equity investments. By working together, the communities of West Texas will create the most investment- and business-friendly environment in the United States.

Opportunity Zones are the first national community development effort to promote private-sector driven approaches for economic growth in a generation.

Following President Trump’s signing of Executive Order 13853 to implement reforms to the federal government to facilitate long-term investment into qualified opportunity zones, the communities in the West Texas region are gathering together to ensure local governments also do their part through policy coordination.

Promoting Economic Growth in West Texas

This is the first grass-roots movement in America to coordinate economic policy for President Trump’s Opportunity Zones tax incentive program for economic growth. The West Texas region has long been known for its stable and consistent industries of livestock, oil, and cotton “food, fuel, and fiber,” making it attractive and ideally suited for long-term equity investments. By working together, the communities of West Texas will create the most investment- and business-friendly environment in the United States.

Opportunity Zones are the first national community development effort to promote private-sector driven approaches for economic growth in a generation.

The tax code now encourages long-term, patient private capital to invest in eligible low-income rural and urban communities, called Opportunity Zones, all across the United States. To learn more visit eig.org/opportunityzones

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