Saint Paul file RES 26-1011, before the Saint Paul City Council. Passed as of 2026-06-24.
Latest action: Passed
Your neighborhood may qualify for business tax breaks St. Paul is ranking low-income neighborhoods to ask the governor to designate them as opportunity zones, which would let new businesses and investors get federal tax cuts if they operate there.
Businesses may invest more in underserved areas Opportunity zones draw private investment to poor neighborhoods by offering federal tax cuts, potentially creating jobs and new stores, though the effect depends on which tracts the governor ultimately picks.
Tax breaks may drive up rents for renters Opportunity zones can spark development and property value increases, which sometimes leads to higher rents and displacement of long-time residents if no protections are in place.
Read the official record for RES 26-1011
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