SBA Head Loeffler Tours Sterling Heights Machine Shop, Touts Budget Law as Job Creator

SBA head Loeffler tours Sterling Heights machine shop, touts budget law as job creator

By Candice Williams, The Detroit News The top official of the U.S. Small Business Administration touted tax cuts and investment incentives included in a new budget law during a visit to a Sterling Heights manufacturer Thursday, saying the measures will promote small business growth and job creation across the Midwest. Kelly Loeffler, a member of President Donald Trump’s cabinet and former Republican senator from Georgia, toured NTL Industries to…

Opportunity Zone Program Becomes Permanent, Giving Advisors Certainty on Tax Breaks

The Opportunity Zone program becomes permanent, but the timing of the new rules’ implementation creates a “dead zone” in near-term fundraising.

Can an updated Opportunity Zone program spur investment in rural areas?

Republicans are revamping the Opportunity Zones program with a rural focus, betting that bigger tax breaks will spur investment in America’s overlooked small towns, The Wall Street Journal writes.  Signed into law July 4 as part of what President Trump called a “one big, beautiful bill,” the updated program makes Opportunity Zones permanent and introduces targeted incentives for sparsely populated regions. Modeled after the 2017 version that dre…