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450UTH ii,„ <br /> ,L-•./ <br /> -` CJ <br /> w " a <br /> vc ' N PEACE <br /> _, 2 <br /> aha 1865 x <br /> OFFICE OF THE CITY CLERK <br /> DAWN M.JONES, CITY CLERK <br /> COMMUNITY INVESTMENT COMMITTEE FEBRUARY 5, 2020 6:07 P.M. <br /> Committee Members Present: Jake Teshka, Rachel Tomas Morgan <br /> Thomas Kurzhal (Citizen Member) <br /> Committee Members Absent: Sharon L. McBride <br /> Other Council Present: Karen L. White, Lori Hamann <br /> Sheila Niezgodski <br /> Other Council Absent: Tim Scott, Henry Davis Jr., Troy Warner <br /> Others Present: Dawn Jones, Bob Palmer, Lisa Horton <br /> Agenda: Community Investment-Business <br /> Development Overview and Activities <br /> Presenters: Dan Buckenmeyer, Director of Business <br /> Development-Community Investment <br /> Department <br /> Dan Buckenmeyer, Director of Business Development for the Department of Community <br /> Investment with offices on the 14th floor of the County-City building gave an introduction or all <br /> the key staff members of Business Licensing, Workforce Development and other staff members <br /> that assist with things such as Tax Abatements etc. Mr. Buckenmeyer' s power point presentation <br /> (which can be obtained in the City Clerk's Office) touched on topics that dealt with Business <br /> Licensing, which licenses approximately thirty-five (35) different types of business including <br /> Arborists, Automotive Repair & Service Centers, Food Trucks, Peddlers, Restaurants, Massage <br /> Establishments, Tattoo Establishments and Taxi Companies & Drivers. The Business Licensing <br /> Department assists the public with licensing and permitting procedures and ensures that businesses <br /> are compliant with City, County and State regulations. <br /> Mr. Buckenmeyer stated regarding Opportunity Zones,The Tax Cuts and Jobs Act of 2017 created <br /> Opportunity Zones. Opportunity Zones (OZs) are defined as "economically-distressed <br /> communities where new investments,under certain conditions,may be eligible for preferential tax <br /> treatment." Through the IRS, investors can file a Form 8896 to create a Qualified Opportunity <br /> INTEGRITY' SERVICEI ACCESSIBILITY <br /> BIANCA L.TRIAD° GRAHAM D.SPARKS GABRIEL N.MuREL <br /> CHIEF DEPUTY/DIREC'T'OR OF OPERATIONS DEPUTY/DIRECTOR OF POLICY ORDINANCE VIOLATION CLERK <br /> EXCELLENCE I ACCOUNTABILITY I INNOVATION I INCLUSION I EMPOWERMENT <br /> 455 County-City Building 1227 W.Jefferson Blvd.I South Bend,Indiana 46601 I p 574.235.9221 I f 574.235.9173 I www.southbendin.gov <br />