CHARLESTON, W.Va. (WOWK) – Charleston’s West Side is one of almost 10,000 communities nationwide selected to receive federal tax relief.
This tax incentive program was created under the federal Tax Cuts and Jobs Act of 2017 and is meant to provide financial relief to new startup businesses in low-income areas.
In West Virginia alone, 55 other regions have been chosen in various counties throughout the state.
D’Alessio & Son has kept doors open for 16 years off of Washington Street in Charleston. Forty years with a needle and thread at hand.
Owner Carmine D’Alessio said the secret to running a successful business in general is making the customer happy.
“You have to give good service, if you give them good service, the person will be back.”
But within the last year, Carmine has noticed a 20% spike in his sales alone and is excited for these tax incentives, expecting for it to increase even more.
“I think it will be something really good for everyone, not just me, but for other businesses we have. I think it’s a nice place, it’s reviving to the way it was before,” said Carmine.
He said right now is the perfect opportunity for anyone to open any kind of business.
The White House is holding an “Opportunity Zone Conference” on Wednesday, April 17th, 2019, with state, local and community leaders to discuss the program’s implementation.
State Delegate Josh Higginbotham, (R-Putnam), accepted President Donald Trump’s invitation.
Higginbotham was the lead sponsor on House Bill 2828 which would have provided incentives to inspire business investment in areas designated as Opportunity Zones across the state.
Governor Jim Justice vetoed the bill but it is expected to pass again with a few corrections during the special session this spring.