Opportunity Zones were created to spur private investment in areas across the United States that have not seen the same level of economic recovery as other communities. The program provides a federal tax incentive for investors who invest in real estate projects and businesses (like yours) located in distressed areas designated by the governors of each state. This approach ensures that issues unique to each community are identified and addressed directly by local leaders for their individual regions.

• Encourage private investment in economically distressed communities
• Improve housing
• Spur business & job creation

Charleston Mayor Amy Shuler Goodwin, U.S. Sen. Shelley Moore Capito, and Director Turner tour downtown Charleston as they talk about the Opportunity Zones initiative

There are more than 8,700 designated Qualified Opportunity Zones located in all 50 States, the District of Columbia, and territories.

Investors create Qualified Opportunity Funds (QOF), which have the flexibility to invest (directly or indirectly) in equipment, buildings, property, and businesses.