Blog Posts > Rockwool Could Get Fed’l. Tax Break Meant for Depressed Areas
May 13, 2019

Rockwool Could Get Fed’l. Tax Break Meant for Depressed Areas

Public News Service – The controversial Rockwool heavy-industry project could get a big federal tax break designed for poor areas – despite being in one of West Virginia’s richest counties. Read article.

The Rockwool proposal for an insulation-manufacturing plant has drawn intense opposition from critics, who say it would bring industrial pollution to Jefferson County, an already fast-growing bedroom community near Washington, D.C. But Rockwool’s census tract was named as a federal Opportunity Zone, meaning the company could defer or maybe never pay capital-gains taxes.

Seth DiStefano, policy outreach director with the West Virginia Center on Budget and Policy, questions the reasoning, when the program is meant for distressed areas.

“I’m not saying that people aren’t struggling in Jefferson County. But Jefferson County, West Virginia, is one of the most prosperous counties, if not the most prosperous county in the entire state,” DiStefano said. “Why do they have so many Opportunity Zones in Jefferson County?”

Donate Today!
Icon with two hands to donate today.
Donate

Help Us Make West Virginia a Better Place to Live

Subscribe Today!
Icon to subscribe.
Subscribe

Follow Our Newsletter to Stay Up to Date on Our Progress

Thanks for reading our post 🙂

We have a great newsletter, join below:


By submitting this form, you are consenting to receive marketing emails from: West Virginia Center on Budget and Policy, 8 Capitol Street, Charleston, WV, 25301. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact