The AEDC has been vital in helping Springdale take advantage of federal and state funding to bolster its position in the regional economy. One such initiative is the city’s participation in Opportunity Zones, which has unlocked a range of funding mechanisms for projects that may not have otherwise been feasible. Thanks to strong local leadership and partnerships, Springdale’s downtown area is now largely situated within an Opportunity Zone, allowing local developers to access deferred tax benefits through investment in underutilized areas. As a result, local developers have worked with Opportunity Zone funds, provided funding capabilities that were not available to them in the past. The success of these programs speaks to the city’s careful planning and the trust that its citizens have in the leadership. 13 CIVIL AND MUNICIPAL VOLUME 05, ISSUE 10 SPRINGDALE, AR
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