Investors Can Contribute to Economic Development Through Opportunity Zones

Investors have a new tool to develop certain areas where poverty and unemployment drag the community down.¬† This tool is called Opportunity Zones (OZ). Opportunity zones are designations that bring¬†investors, state and federal governments together to benefit certain areas overlooked by investments thanks to a legislation created in 2018 called Tax Cuts and Jobs Act. The Internal Revenue Service (IRS) defines OZ as economically distressed communities where new investments may be eligible for preferential tax…

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