Tampa's Opportunity Zones

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What are Opportunity Zones

An ‘Opportunity Zone’ is a federally designated area with great need and potential for economic development and growth. There are nearly 9,000 nationwide. This program is designed to benefit both investors and the communities residing within these areas.

A Closer Look

An ‘Opportunity Zone’ is a federally designated area with great need and potential for economic development and growth. There are nearly 9,000 nationwide. This federal program is designed to benefit both investors and the communities residing within these areas. Investors receive 

First enacted in December 2017 as part of the Tax Cuts and Jobs Act, the idea of channeling more investment to neighborhoods and communities that are traditionally deprived of investment dollars, received widespread, non-partisan support. Using census data, governors nominated areas within their states, and after receiving certification by the U.S. Department of the Treasury, more than 8,700 Opportunity Zones were identified as part of the program. 

Brief History of Opportunity Zones