ATTENTION: GATEWAY85 CID HAS THE ONLY 3 OPPORTUNITY ZONES AVAILABLE IN GWINNETT COUNTY
The Federal Opportunity Zone Program is a new community and economic development tool that aims to drive long-term private investment into low-income communities throughout the country.
The program was established by Congress in the Tax Cuts and Jobs Act of 2017 and encourages investors with recently realized capital gains to invest in local businesses, real estate, or development projects in exchange for a reduction in their tax obligations.
Recently, the Internal Revenue Service released its long-awaited second round of regulations on investing in areas designated as economically distressed under the Federal Opportunity Zone Program, with the new rules providing greater flexibility for leased properties.
For more information on how you can take advantage of Federal Opportunity Zone funding, contact Emory Morsberger, Executive Director at (770) 409-8100 or firstname.lastname@example.org.
Federal Opportunity Zone Map (Gwinnett County only)