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Federal Opportunity Zones: What Local Governments Need to Know

September 21, 2018

Opportunity Zones are the latest effort by the federal government to encourage investment in low-income census tracts. The Tax Cuts and Jobs Act, enacted at the end of 2017, grants significant tax benefits to investors who reinvest their capital gains in designated “Opportunity Zones.” The market po … Continued

Opportunity Zones at a Local Level

September 6, 2018

The Opportunity Zone (OZ) program was rolled out this year, creating a new community economic development tool. Prior posts on the CED blog have covered this topic — an overview of OZs can be found here and a discussion of North Carolina’s selection of zones here. This post will discuss how OZs rel … Continued

North Carolina’s Opportunity Zones Certified

July 5, 2018

The Opportunity Zone (OZ) program was created as a part of the federal Tax Cuts and Jobs Act of 2017.  An overview of the program previously posted on the CED blog can be found here. On May 18, 2018 the US Secretary of Treasury certified 252 census tracts in North Carolina as OZs.  The designation o … Continued