News Flash

Home

Posted on: January 2, 2019

Whitewater Nominated for Federal Economic Opportunity Zone Designation

Press Release

Whitewater, Wis. March 27, 2018 – The City of Whitewater may soon have a new tool in promoting economic development within the community.

Last week, Governor Scott Walker nominated two areas of the community to be named as Economic Opportunity Zones (EOZ). Created under the Tax Cuts and Jobs Act that Congress passed late last year, EOZs were signed into law by President Donald Trump.  

“This new EOZ program allows for private investments to be made, with significant tax benefits, in lower income communities like ours that need a boost to their economy,” said Larry Kachel, Chair of the Whitewater Community Development Authority (CDA). The CDA nominated three Low Income Census Tracts for the EOZ designation. Two of the three were selected by Governor Walker and forwarded on to U.S. Treasury Department Secretary Steven Mnuchin for review and final certification, along with 118 proposed zones statewide.

Kachel met with Congressman James Sensenbrenner of Menomonee Falls over the weekend to thank him for co-sponsoring the legislation that led to creation of the EOZ program and to urge his support for final approval of the two Whitewater EOZ nominations. The two proposed EOZs include the portion of the City located in Walworth County, east of Franklin Street and the portion of the City located in Walworth County west of Franklin Street and north of Main Street.

“Adding the EOZ designation to our economic development toolkit puts us in an even better position to attract new business and jobs to our community,” said Dave Carlson, Executive Director of the Whitewater CDA. The Whitewater CDA also has a revolving loan fund (RLF), a Capital Catalyst fund that provides grants and loans to startup businesses and the ability to use Tax Increment Financing (TIF) to stimulate development. 

The Whitewater Community Development Authority is the economic development organization for the City of Whitewater. It exists to encourage and help people and businesses invest in the City while creating jobs, increasing the tax base, and improving the community's quality of life.

Dave Carlson, CDA Executive Director
Phone (262) 473-0148
Cell (262) 443-4458
Email

###

The City of Whitewater provides efficient and high quality services which support living, learning, playing and working in an exceptional community. Visit www.whitewater-wi.gov for community information and updates. 

Facebook Twitter Email

Other News in Home

Street Constructions Updates

Street Construction Updates

Posted on: March 6, 2019
Lake Draw Down Updates

Lake Drawdown Project Updates

Posted on: March 6, 2019
Bulk Pickup 2019

Bulk Pickup Dates

Posted on: May 10, 2019
Compost site Open

Compost Open for Season

Posted on: April 4, 2019
Brush Collection

Brush Collection

Posted on: April 4, 2019
2019 City Guide

2019 Summer & Fall City Guide

Posted on: December 31, 2018
Gems of Whitewater

Gems of Whitewater Videos

Posted on: March 22, 2019
Were Hiring New

Now Hiring

Posted on: October 17, 2018
Public Notice

Open Book Notice March 19, 2019

Posted on: March 18, 2019
New Polco Questions

New POLCO questions available...

Posted on: March 14, 2019
Bid Notice

Bid Notice of Farmland for Lease

Posted on: February 14, 2019
Whitewater Shared-Ride Taxi Program

Whitewater Ride Share Program

Posted on: February 14, 2019
Stay Connected with Notify Me

Stay connected!

Posted on: November 22, 2016
Website Personalization Now Available

Website Personalization Now Available!

Posted on: November 22, 2016
Social Media Logos

Keep in Touch

Posted on: November 22, 2016
Lock and secure vehicles when unattended

Lock and Secure your Vehicles

Posted on: October 17, 2018
Parking

Parking Permits on Sale

Posted on: February 15, 2019
Whitewater from Above

Whitewater From Above

Posted on: February 15, 2019
POLCO

Whitewater, Your Opinion Matters!

Posted on: February 15, 2019
New Bark Park Dog Park

Bark Park Dog Park

Posted on: January 2, 2019
Water

Water Quality Report 2017

Posted on: October 17, 2018