Tax break for poor areas boosts Mall of America district

The Mall of America and the booming district around it are now considered “economically distressed” in the eyes of the federal government, qualifying the area for new tax breaks intended for the country’s poorest neighborhoods.

The eastern corner of Bloomington is one of the state’s 128 “Opportunity Zones” under a program Congress created in the 2017 tax code overhaul. The program aims to revive certain low-income areas by offering tax breaks to people who invest in them.

http://www.startribune.com/tax-break-for-poor-areas-boosts-mall-of-america-district/503952002/