Learn about the Opportunity Zone Overlay, including the definition, benefits, tips, coverage and update frequency.
Available with any of the following subscriptions:
- All plans
Definition
Opportunity Zones are designated geographic areas in the United States, typically low-income communities, where investors can receive tax incentives for investing in economically distressed areas. Established as part of the Tax Cuts and Jobs Act of 2017, these zones aim to stimulate economic development and job creation by encouraging long-term investment in areas facing economic challenges. Investors can defer or reduce capital gains taxes by reinvesting their gains into Qualified Opportunity Funds, which in turn invest in businesses or real estate projects within Opportunity Zones. These zones provide opportunities for revitalization and growth in underserved communities while offering potential tax benefits to investors.
Key Benefits
-
Provides crucial spatial information for investors, policymakers and community stakeholders to identify eligible areas and assess investment opportunities within designated Opportunity Zones.
-
Enables stakeholders to visualize the geographic distribution of these zones, analyze their characteristics and strategically plan investment strategies to maximize economic development impact.
Limitations: May include data accuracy issues due to changing boundaries, variable spatial resolution impacting precision, limited access to detailed socioeconomic data and potential oversight of local contextual factors critical for informed decision-making.
Coverage
Contiguous United States (exclude Hawaii and Alaska)
Update Frequency
As updates are available