Walker Recommends New ‘Economic Opportunity Zones’ In 44 Counties

Gov. Scott Walker wants to create 120 “Economic Opportunity Zones” in Wisconsin, a designation allowed under the new federal tax law designed to spur development.

Walker on Tuesday released the recommended list he is sending to the U.S. Department of Treasury which will make the final designation. The zones are in 44 counties across the state, including urban, rural and tribal areas.

According to Walker’s press release, the zones present an opportunity for private, tax-free investment into areas of economic need, benefiting residents living in the zones and the private investor.

Based on the full list of Walker’s recommendations, Milwaukee has the most with 34, and Madison is second with nine.

Economic Opportunity Zones were created in the federal Tax Cuts and Jobs Act of 2017.