Lt Governor Boyd K Rutherford, Maryland Opportunity Zone Leadership Task Force Host Eastern Shore Regional Summit
Lt. Governor Boyd K. Rutherford and the Maryland Opportunity Zone Leadership Task Force today hosted an Eastern Shore Regional Summit at the Truitt Street Community Center in Salisbury. The task force, chaired by Lt. Governor Rutherford, was created through Executive Order 01.01.2019.01, signed by Governor Hogan in January. This was the first of several regional summits to be held across the state in the coming months, designed to allow for local stakeholders in Opportunity Zones to provide feedback and information to the task force about the unique needs and existing resources in their communities.
“Working with our local jurisdictions and stakeholders is absolutely critical to the success of our Opportunity Zones,” said Lt. Governor Rutherford. “This is not a ‘one-size-fits-all’ approach. Every zone and community will have different needs, different assets and existing resources, and different goals. Therefore, we want to ensure that the projects in our Opportunity Zones meet the long-term goals and planning of each jurisdiction and community.”
Lt. Governor Rutherford and the task force were joined by Salisbury Mayor Jacob Day who presented to the task force during the public comment period.
“I am very grateful to Lt. Governor Rutherford and the task force for choosing to have their first regional summit here in Salisbury,” said Mayor Jake Day. “Salisbury is already witnessing the benefits of the Opportunity Zone program, and while developers and potential funders are finding one another, the state’s attention is the accelerator we need to turn these projects into a reality.”
The Opportunity Zone program is a nationwide program administered by the U.S. Treasury created under the 2017 federal Tax Cuts and Jobs Act. In addition to hosting regional summits, the task force, under the leadership of Lt. Governor Rutherford, will develop a State Opportunity Plan to align Opportunity Zone goals with economic and cultural priorities, which will include partnering with local governments to effectively leverage local assets to fast-track investment and development.