Best State To Raise a Family
(WalletHub, 1st in 2020; 2nd in 2021)
April 01, 2019
Category: Site Selectors, Business
As requested by FEDA and the Martin County EDA, Governor Dayton designated a census tract that is located in the City of Fairmont as an Opportunity Zone. Opportunity Zones are a new community development program that was established by Congress in the Tax Cut and Jobs Act of 2017 to encourage long-term investments in low-income communities. Investors are eligible to receive a temporary tax deferral for capital gains invested in an Opportunity Fund and a permanent exclusion from taxable income of capital gains from the sale or exchange of an investment in a qualified opportunity zone fund if the investment is held for at least 10 years.
Best State To Raise a Family
(WalletHub, 1st in 2020; 2nd in 2021)
in Voter Participation
(U.S. Elections Project, 2020)
Best State for Women and for Working Moms and Dads
(Wallethub, 2020)
in Volunteering
(Corporation for National and Community Service)
in Child Well-Being
(Kids Count Report, 2021)
in Healthy People
(2021 Camelot Index)