What Are Opportunity Zones

by: Michael Saunders

Opportunity Zones are an economic development tool that allows people to invest in distressed areas in the United States.

The purpose of the Opportunity Zone programs is to spur economic growth and job creation in low-income communities while providing tax benefits to investors.

Opportunity Zones were created under the Tax Cuts and Jobs Act of 2017. Thousands of low-income communities in all 50 states, the District of Columbia and five U.S. territories are designated as Qualified Opportunity Zones.

Taxpayers can invest in these zones through Qualified Opportunity Funds.   (continued...)

What Are Opportunity Zones
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About The Author Michael Saunders is an editor of TopGovernmentGrants.com. He edits a site on Community Foundations that highlights the Social Progress Index for Counties around the country and Opportunity Zones within these foundations' areas of coverage.

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