The opportunity zones (OZ) program offers federal tax benefits for investors in low-income communities. To establish the qualifying zones, states, U.S. possessions and Washington D.C. nominated various low-income communities. The governor of each state was permitted to select 25% of the state’s qualifying areas for the program. The qualifying areas were designated by census tract data and had to meet the definition of low-income as defined under the New Markets Tax Credit (NMTC) program. The states could designate up to 5% of their qualifying opportunity zones (QOZ) in areas that were not classified as low-income but were contiguous to qualifying areas. They were also required to consider the following when identifying their zones:
Now certified by the U.S. Department of Treasury, the OZs will remain fixed from the date of designation through the close of the tenth calendar year.
Use this interactive map to search the complete list of QOZs and the form below the map to connect with our OZ specialists about your project, business or investment.