Description: This feature layer, utilizing data from the U.S. Department of the Treasury, depicts all Qualified Opportunity Zones in the United States. Qualified Opportunity Zones were created under the 2017 Tax Cuts and Jobs Act (TCJA) to stimulate the economic development and job creation, by incentivizing long-term investments in low income neighborhoods. There are more than 8,760 Qualified Opportunity Zones located in all 50 states, the District of Columbia, and five United States territories. Investors can defer tax on any prior gains invested in a Qualified Opportunity Fund (QOF) until the earlier of the date on which the investment in a QOF is sold or exchanged or until December 31, 2026.
Per CDFI, "Qualified Opportunity Fund investments defy easy categorization. Just more than two years since passage of the TCJA, the Council has seen Opportunity Zone investments in housing, grocery stores, energy, retail establishments, agriculture, entertainment, technology, farming, and more. Many of these investments are uniquely tailored to fit the needs and potential of particular communities."