More than 40 community leaders learned how to best use federal, state and local programs to reduce the tax burden of developing properties in a meeting on Feb. 3.
Alex Flachbart, CEO of Opportunity Alabama, explained programs that are available to assist in development projects, from Historic Tax Credits to New Market Tax Credits to Opportunity Zone options, as well as local incentives.
The information was relevant because Selma has the largest contiguous historic district in Alabama, and Selma has an Opportunity Zone located east of Broad Street, according to Dr. Rose Wilkins, chair of the Selma Redevelopment Authority, who hosted the luncheon.
Attending the event were Selma Mayor Johnny Moss III, Dallas County Commission Chairman Jimmy Nunn, and Selma City Councilpersons Ashley Ervin, Jannie Thomas, Lesia James and Clay Carmichael. Black Belt Outreach Coordinator Byron Evans and EDA Director Brenda Tuck also attended.
The SRA is a municipal board with governing authority to pursue projects that will develop and promote businesses within the district. The SRA district extends south from JL Chestnut Jr. Boulevard to Water Avenue, and west from Martin Luther King Street to Church Street with an extension to include Mabry Street south of Dallas Avenue.
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.