Virginia's Opportunity Zones

Virginia's Opportunity Zones are specific areas designated to encourage investment and economic growth. These zones offer tax incentives to attract developers and investors, aiming to revitalize neighborhoods, create jobs, and improve communities. Investors can benefit by potentially reducing capital gains taxes when they invest in these zones and hold their investments for certain periods. The goal is to promote long-term economic development in underinvested locations, fostering sustainable growth and community improvement across Virginia.