By Christopher Boan | The Mesa Tribune
The neatly-rowed buildings on Main Street in downtown Mesa are undergoing a renaissance of sorts, thanks to private and public investment.
That success story was fed in part the area’s designation as an Opportunity Zone – a federally-classified region where private enterprise can invest in lower-income communities in exchange for tax incentives.
That provision, which was created in the Tax Cuts and Jobs Act of 2017, brought Small Business Association Regional Administrator Ashley Daniel Bell to Mesa recently for a tour of downtown along with members of Scottsdale-based wealth development company Caliber to see how a booming economy is taking the area by storm.
Rodney Riley, an Opportunity Zone expert for Caliber, called Bell’s visit a crowning achievement for the city.
