U.S. Department of Agriculture

Grove, part of Williamsburg approved for federal economic development program

Grove, part of Williamsburg approved for federal economic development program

The U.S. Department of the Treasury approved areas of James City and Williamsburg to participate in a federal economic development program that is intended to make the areas more attractive to private investors.

The Grove community of James City was one of 901 low-income census tracts eligible for the program in Virginia. Grove was among 212 areas nominated and approved for the opportunity zone designation, according to a James City news release.

The program, which spurs economic development by providing tax benefits on investments in qualified census tracts, will be a boost to economic development in the southeastern part of the county, James City Economic Development...

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