What is an Opportunity Zone?

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Opportunity Zones, created as a result of the Federal Tax Cuts and Jobs Act of 2017, are designed to encourage long-term investments in designated portions of a community.  Tax incentives are provided to investors who re-invest their unrealized capital gains into one of the designated zones.

 Map of the zone, OZmap.

For more information please see this resource, http://https//www.vacommunitycapital.org/news/2019/04/11/governor-northam-announces-initiative-to-encourage-growth-in-virginias-opportunity-zones/