The 2017 Tax Cuts and Jobs Act established Opportunity Zones to spur private investment in distressed communities throughout the US. This new Opportunity Zones program will allow investment in some of our nation’s most economically challenged communities through tax incentives. The tax incentives encourage private investment to accelerate economic growth and job creation. To learn more, click here.
In order to access this new federal program, governors have the responsibility to identify the areas in their state that should be designated as Opportunity Zones, based on federal guidelines.
Click here to read a press release announcing the Economic Opportunity Zone recommendations throughout the State of Wisconsin.