The Increasing Opportunity for Reindustrialization Act aims to make redeveloping closed bases easier by allowing them to be designated as Qualified Opportunity Zones (QOZs), the Corry Journal reported. The bill would allow closed installations to receive tax incentives from QOZs but would not count against the state’s limited number of sites. 

“Former military installations have the potential to become engines of economic growth, manufacturing, and job creation,” said Sen. Dave McCormick (R-PA), who introduced the bill alongside Sen. Brian Schatz (D-HI). “This bipartisan legislation will give Pennsylvania communities the tools they need to attract private investment, support reindustrialization, and revitalize properties that have long served our national security interests.” 

Navy photo by Gary Granger Jr.