Hamlet’s “22 by ‘22” incentives could soon be part of the official marketing push for northern Starke County’s Opportunity Zone. The town has been offering home developers three months of free water, sewer, and trash and recycling pickup, along with at-cost water and sewer connections, plus the possibility of reduced or suspended permit fees.
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More housing, new recreational opportunities, and additional medical and childcare facilities are a few of the investments local leaders hope to attract with Starke County’s Opportunity Zone. Much of the area north of Knox and south of U.S. 30 was designated an Opportunity Zone in 2018. The federal program offers tax incentives for investment in low-income communities.
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Starke County has been selected for some extra help in capitalizing on its Opportunity Zone. Much of the area north of Knox and south of U.S. 30 was designated an Opportunity Zone in 2018. The federal program offers tax incentives for investment in low-income communities.
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Local officials hope an Opportunity Zone designation could bring benefits to the Town of Hamlet. The census tract containing Hamlet was recently nominated for the federal program by Governor Eric Holcomb.
Portions of Marshall and Starke counties have been nominated as Opportunity Zones. The federal program seeks to attract private-sector investment to low-income communities through capital gains tax incentives. It was created under the 2017 Tax Cuts and Jobs Act.
