Opportunity Zone

An Opportunity Zone is a designated area where investors can put money into real estate or businesses and receive tax benefits, such as deferrals or reductions on capital gains taxes. These zones aim to encourage investment in economically distressed communities, promoting economic growth and development. The program incentivizes private investment by offering these tax advantages, making it financially attractive to invest in areas that need revitalization. Overall, Opportunity Zones aim to boost local economies while providing investors with potential financial gains through tax incentives.