Opportunity Zones
Established by the 2017 Tax Act, Opportunity Zones are comprised of selected, low-income census tracts designated by governors and certified by the U.S. Treasury. These geographies are also eligible for New Markets Tax Credits and frequently other incentive programs.
Opportunity Zones provide tax incentives to connect private investment capital with low-income communities. The strategy provides preferential tax treatment for those who invest unrealized capital gains in Opportunity Funds. The Opportunity Funds then invest the capital in Opportunity Zone businesses and real estate.
For additional information about Opportunity Zones in Jacksonville contact:
As with any new investment terrain, Opportunity Zones offer exciting possibilities. But it helps to have a guide. LISC is a veteran of fund management.
A roundup of resources from across the industry to help you better understand Opportunity Zones, how to get involved, and the program's potential impact on communities across America.