Opportunity Zones in Lowndes County
- The Opportunity Zones tax incentive was established by Congress in the 2017 Tax Cut and Jobs Act.
- The program provides an Innovative approach to spur long-term private sector investments in low-income urban and rural communities nationwide. This economic development initiative is based on the bipartisan Investing in Opportunities Act.
- It offers a frictionless way to reinvest capital gains into distressed communities through
Opportunity Funds, in exchange for a graduated series of incentives tied to long-term
holdings. - This program is the first new national community investment program in over 15 years, and has the potential to be the largest economic development program in the U.S.
