{"id":23026,"date":"2019-01-05T09:00:12","date_gmt":"2019-01-05T14:00:12","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=23026"},"modified":"2020-04-21T06:35:10","modified_gmt":"2020-04-21T10:35:10","slug":"opportunity-zones-invest-in-alaska","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/opportunity-zones-invest-in-alaska\/","title":{"rendered":"Opportunity Zones: Invest in Alaska"},"content":{"rendered":"
Of all of the 50 states in the United States, I don\u2019t think that there is one that is as unique as Alaska. Alaska has many elements that are not shared with any of the other states. And, so is its opportunity zone. The opportunity zone of Alaska is a very interesting option for investors. <\/span><\/p>\n What makes Alaska unique? For example, the vast amount of natural resources that make up great parts of Alaska, the fact that many of its territories are uninhabitable, its geographical location far away to the United Stalandstes and close to other foreign territories. <\/span><\/p>\n These factors could either be a disadvantage or an advantage, depending on how you would like to invest your money. Another detail about Alaska that should be mentioned is that rent is relatively cheap compared to other parts of the United States. <\/span><\/p>\n The cost of living in Alaska is low, but the temperatures can get pretty extreme. It is a state that is not for everybody, but like other states in the United States, there are parts of it that need investment. Just like all of the other 50 states and territories that compromise America, Alaska has some areas that are designated opportunity zones. <\/span><\/p>\n The state of Alaska has submitted 25 areas to be designated Opportunity Zones. The areas are lacking in some ways of a steady source of employment for its residents, lower than average median household income, and a great deal of foreclosed failed enterprises. <\/span><\/p>\n The tax overhaul bill that includes the Invest in Opportunity Act was created for this very reason, to help distressed areas all around the United States to get back on its feet. As opposed to other parts of the United States Alaska has fewer opportunity zones, but this does not mean that they are less hungry for investment. <\/span><\/p>\n In basic terms, the Invest in Opportunity Act provides tax incentives to corporate and private investors to work in low-income communities. Investors get full support from the state government and are welcomed into the community that they are investing in with open hands. <\/span><\/p>\n Media outlets in Alaska such as newspapers and television stations have praised the governor of Alaska for selecting areas of the state that are really in distress, giving a mention to the team behind the research that led to the list of opportunity zones.<\/b><\/span><\/p>\n