New Tax-Free Zones Proposed In Minnesota

Maybe you haven't noticed, but many governors are proposing new incentives to keep and lure industry. People are frustrated by the economy and the inability to get state and local economies growing again. Many of the new governors taking office this January have introduced legislation for economic stimulus packages and new economic development initiatives.

Minnesota has a number of new job development proposals on the table. One of Gov. Tim Pawlenty's top priorities this legislative session is to bring more jobs and businesses to rural Minnesota. Pawlenty is proposing 10 tax free zones as a way to entice businesses to move into rural areas. Pawlenty says he likes the Pennsylvania Keystone Opportunity Zone program and it's worth copying in Minnesota. If he has his way, that is exactly what will occur.

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