A bipartisan group of congressmen recently introduced a new bill intended to reinvigorate America’s poorest communities. The Investing in Opportunity Act (IOA) will allow investors to temporarily delay paying capital-gains taxes on their investments if they choose to reinvest the money into “opportunity zones” or distressed communities across the country.
The legislation was cosponsored in the Senate by Republican Tim Scott of South Carolina and Democrat Cory Booker of New Jersey, and in the House by Pat Tiberi (R-Ohio) and Ron Kind (D-Wisc.). These congressmen report that their bill has garnered bipartisan support in both chambers, and they believe that its provisions will allow for tremendous economic growth in some of the country’s most underserved communities.
The Board of Directors of the Chamber cordially invites you to a private luncheon regarding the economic, small business and safety measures of Offshore exploration for oil and natural gas in South Carolina.
This forum is hosted by the South Carolina African American Chamber of Commerce, Explore Offshore South Carolina, the Center for Offshore Safety and the American Petroleum Institute. The event will take place 12:00 noon on July 24th at the Palmetto Club located at 1231 Sumter Street Columbia, SC 29201.
Question and Answer Session of Forum.
Columbia, SC SCAAC announce new Energy Initiative that focuses on informing African American communities of the opportunities of the Oil and Gas Industry in South Carolina
South Carolinians depend on accessible, affordable energy to fuel our lives.
The decisions we make about our energy resources today lay the foundation for what kind of state we will call home tomorrow.
That is the focus of Explore Offshore SC, a new coalition of community organizations, businesses and local leaders who support access to U.S. offshore resources. I am proud to lead this group and work with other South Carolinians to secure more reliable domestic energy through safe, responsible offshore exploration.
Offshore represents a vast, untapped source of potential energy for meeting our growing energy needs. Unfortunately, 94 percent of America’s offshore acreage is currently off limits to development or even new study.
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