The town of Century was recommended by Florida Gov. Rick Scott Thursday, April 19, to be designated as one of nine tracts in Escambia (Fla.), Okaloosa and Santa Rosa counties as Opportunity Zones. Gov. Scott announced his recommendation to designate 427 communities across every Florida county as opportunity zones.
Low Tax Opportunity Zones, established in the federal Tax Cut and Jobs Act of 2017, encourage long-term investment and job creation in targeted communities by reducing taxes for many job creators.
“They give incentives back, such as an incentive of hiring a certain number of local pe...