October 5th, 2007 by 
admin
The Go Zone is a hot market right now. Bolstered by a strong military base presence; casino-driven tourism; and housing that’s springing up thanks to the Go Zone Act, its economy is recovering quickly.
Gross state product measurements indicate that the Go Zone is performing better economically than it was before the hurricane hit. Many local companies are growing, too, and need employees badly. Examples of such companies include Northrop Grumman Ingalls Shipyard, Dupont, Triton Systems, Chevron, and GE Plastics. Keasler Air Force Base is a major employer, as well.
This promising growth means that more and more workers will be coming to Biloxi. The housing supply in the Gulf Opportunity Zone, currently, is very limited. Housing demand is meeting — and rapidly exceeding — housing supply. Through the Go Zone Act of 2005, investors are stepping in to fill the housing gap, and getting significant returns and tax rebates, as a result.
For at least the next five years, the Go Zone is anticipated to grow rapidly. Employment in the Go Zone has surpassed pre-Katrina levels, and a strong economic recovery is on the horizon. As more people compete for a limited housing supply, demand will increase, and housing values will rise.
Visit this informative YAERD.org Web booklet to see how the Gulf Opportunity Zone Act of 2005 can work for you — and, for the people of Biloxi, Mississippi.
- The Gulf Opportunity Zone Act has spurred economic recovery that surpasses pre-Katrina levels.
- Tourism and jobs are coming quickly to the Go Zone.
- Casinos are being built, driving tourism to the Go Zone.
- Investing in property with aid of the Go Zone Act’s tax incentives helps Biloxi continue to recover.
