Opportunity Zones
The Tax Cuts and Jobs Act (TCJA) created the Opportunity Zones program to increase investment in economically distressed communities. The Opportunity Zones program encourages long-term investment and job creation, by reducing capital gains taxes for individuals and businesses who invest in qualified opportunity zones. It is the hope that opportunity zones will unleash investment in these qualified zones throughout the country.
Click here for more information on Opportunity Zones at the Illinois Department of Commerce and Economic Opportunity (DCEO) website.
See the census tracts that have been designated in our region below.