Business & Government Forum - Opportunity Zone - Special Event
Opportunity Zones in Worcester
The Opportunity Zone Program is a federally-established, program to provide investment incentives for certain census tracts. This is a tool to encourage growth in low income communities.
The recently passed U.S. Tax Cut and Jobs Act of 2017 created the Opportunity Zone Program to provide incentives for investment in low income communities throughout the country. An Opportunity Zone is a designated geographic area, in which individuals can gain favorable tax treatment on their capital gains, by investing those funds (through a privately-created Opportunity Fund) into economic activities in the area.