The Promise of Opportunity Zones

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Posted on July 24th, 2019

Described as a once-in-a-generation development incentive,

the federally designated areas entice investors—both individuals and organizations—with the ability to defer, reduce or potentially altogether eliminate tax liability. Following the program’s formation under the Tax Cuts and Jobs Act of 2017, the Treasury Department has identified 8,700 severely distressed communities where the benefits are available, including more than 300 in Ohio.

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