Let's Take A Look At THE WEALTHIEST ZIPCODES Here in Mesa

Here's a good example of a picture telling you a story, that's quite the opposite from a new official page named Opportunity Zones from the City of Mesa's Office for Economic Development. Please scroll down after this inserted image from City Data where the wealthiest zipcodes are red  and note how they tend to cluster in certain areas where you can easily see that over time Mesa has self-segregated based on income:
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Opportunity Zones - NEW!

Opportunity Zones are a federal program designed to spur community investment by providing tax benefits to investors. The City of Mesa has 11 census tracts that have been designated Opportunity Zones by the U.S. Department of the Treasury.

The map below highlights these tracts within the city boundaries.

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MISSION

It is the mission of the Office of Economic Development (Mesa OED) to enhance Mesa’s economy, creating quality jobs and increasing per capita income in order to improve the quality of life for Mesa’s residents.  LEARN MORE about our Mission 

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The Arizona Governor’s Office and the Arizona Commerce Authority worked with local governments, tribal communities, and counties to decide which census tracts would be submitted for consideration by the federal government. As of April 9, all of Arizona’s 168 submitted tracts became officially designated as Opportunity Zones.

For tax benefits to be received by an Opportunity Zone investor, two qualifications must be met:

	The investment must be made via a Qualified Opportunity Fund. An Opportunity Fund is an investment vehicle that is set up as either a partnership or corporation for investing in eligible property that is located in an Opportunity Zone. The investment must be derived from a gain in another investment and transferred into an Opportunity Fund within 180 days of realizing the gain.
This then allows for the investors to receive reductions on capital gains taxes relative to the years of their investment in an Opportunity Zone after 5 years.
	If the investment is held for a minimum of five years the taxable amount of the capital gains reinvested is reduced by 10%. After holding the investment for at least 10 years the taxable amount of capital gains reinvested is reduced by 15% and no tax is owed on the appreciation.
	For more information on Opportunity Zones, please visit the Economic Innovation Group’s Fact Sheet at: http://eig.org/wp-content/uploads/2018/02/Opportunity-Zones-Fact-Sheet.pdf/. You can also contact Marc Valenzuela, Economic Development Specialist at marc.valenzuela@mesaaz.gov.

 

 

Link > http://www.mesaaz.gov/business/economic-development/incentives-programs/opportunity-zones 

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Who is Marc Valenzuela?

It certainly looks like that after the REJECTION by Mesa taxpayers on a ballot item Yes1Mesa in the General Election 2016 to transform downtown Mesa into a satellite ASU campus, plans were in the making to push for that proposal again with the hiring of a new employee who worked inside ASU prior to June 2017 when he got hired here.

He was a new employee hired last year in June and introduced at one of the early morning meetings of the city's Economic Development Advisory Board.

[noted in earlier post on this site or you can do a word search on the published Minutes link on the landing page for the EDAB]

"Marc Valenzuela joined the City of Mesa’s Office of Economic Development in June 2017 as an Economic Development Specialist.

Prior to his work with Mesa, Marc worked for Arizona State University serving as the Economic Development Project Manager. . . Before moving to Arizona, Marc held several positions in economic development and government relations in San Diego, California.
Marc is a graduate of Arizona State University with a master’s degree in Public Administration and bachelor’s degree in Public Service and Public Policy. . . "

To find out more about Marc Valenzuela you can go > http://www.mesaaz.gov/business/economic-development/about-us/staff/marc-valenzuela