Thank you to all who provided feedback on Opportunity Zones this month.
This is a new community development program enacted by Congress in the Tax Cuts and Jobs Act of December 2017. The program authorizes a tax incentive for investment in low-income neighborhoods. The nominated zones will become effective when reviewed and accepted by the U.S. Treasury.
The Governor’s nominations for qualifying census tracts for the new federal Opportunity Zones are now posted on the Department of Finance’s website
Click here to view background on the program, interactive maps, and lists of nominated tracts.