Industrial Park - Incentives

  1. OPPORTUNITY ZONE
  2. ENHANCED ENTERPRISE ZONE
  3. UTILITIES

OPPORTUNITY ZONE – overview

  • Opportunity Zones were established by the Tax Cut and Jobs Act of 2017
  • Low-income areas were identified and designated throughout the country
  • Program allows for the deferral and partial exemption of capital gains invested in designated Opportunity Zones
  • Designed to spur development in communities through investment in real property and businesses

LOCAL OPPORTUNITY ZONE