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Opportunity Zones


In Wisconsin

Opportunity Zones

Opportunity Zones are low income census tracts nominated by governors and certified by the U.S. Department of the Treasury into which investors can now put capital to work financing new projects and enterprises in exchange for certain federal capital gains tax advantages. The country now has over 8,700 Opportunity Zones in every state and territory.



120

7 of 7


39%
Opportunity Zones in the
State of Wisconsin
Congressional
Districts
Rural Areas



44



60



2
Counties with
Opportunity Zones
Municipalities Tribal Reservations

Wisconsin's Opportunity Zones Designated Census Tracts*

Use this interactive map to look up locations across the state to see if they fall within a designated Opportunity Zone census tract.

Download Maps by Congressional District (Zip File)

*Geographical Data provided by CDFI

Opportunity Zones in Wisconsin

Locate in Wisconsin Tool

The Locate in Wisconsin tool is sponsored by Wisconsin Economic Development Corporation (WEDC). It is an online platform which allows you to search properties and businesses in communities across the state, including those with Opportunity Zones.

Click here to learn more about projects in opportunity zones sites 

How Do Opportunity Zones Work?

Three Primary Investor Benefits

Opportunity Zones offer investors the following incentives for putting their capital to work in low-income communities:

How OZs Work
A Temporary Deferral
A temporary tax deferral for capital gains reinvested in an Opportunity Fund. The deferred gain must be recognized on the earlier of the date on which the opportunity zone investment is sold or December 31, 2026.
A Step-up in Basis
A step-up in basis for capital gains reinvested in an Opportunity Fund. The basis of the original investment is increased by 10% if the investment in the qualified opportunity zone fund is held by the taxpayer for at least 5 years, and by an additional 5% if held for at least 7 years, excluding up to 15% of the original gain from taxation.
A permanent exclusion from taxable income of capital gains
A permanent exclusion from taxable income of capital gains from the sale or exchange of an investment in a qualified opportunity zone fund, if the investment is held for at least 10 years. (Note: this exclusion applies to the gains accrued from an investment in an Opportunity Fund, not the original gains).
 

Opportunity Zone Funds

OZ Flow

Qualified Opportunity Funds (QOF) are new private sector investment vehicles that invest at least 90 percent of their capital in qualifying assets in Opportunity Zones. U.S. investors currently hold trillions of dollars in unrealized capital gains  in stocks and mutual funds alone— a significant untapped resource for economic development. Funds will enable a broad array of investors to pool their resources in Opportunity Zones, increasing the scale of investments going to underserved areas.

 

Investment types

Qualified Opportunity Funds can be invested in a variety of investment types, including:

How OZs Work
 

OZ Timeline

Although the first deadline for the Opportunity Zones Initiative occurs at the end of this year, December 31, 2019, investors are still able to take advantage of other Initiative incentives.

OZ Timeline

Source: Economic Innovation Group

 

How Communities Can Engage

Local leaders and stakeholders play a crucial role in guiding Opportunity Zone investments in their communities. Often, an Opportunity Zone strategy can be melded into a community’s existing long range planning and development goals. WHEDA frequently presents at summits, workshops, and conferences across the state on how communities can leverage the Opportunity Zone Initiative.

The Governance Project Municipal Toolkit  LISC Opportunity Zone Playbook 

  • PHASE 1

    START WITH A VISION

  • PHASE 2

    IDENTIFY ZONE-SPECIFIC NEEDS

  • PHASE 3

    CATALOG COMMUNITY RESOURCE

  • PHASE 4

    MAP LOCAL STAKEHOLDER ECOSYSTEM

  • PHASE 5

    SELECT PRIORITY PROJECTS

  • PHASE 6

    DEVELOP FINANCING TOOLS TO REFINE PRIORITIES

  • PHASE 7

    PROGRESS PRIORITY PROJECTS INTO DEALS

Source: The Governance Project

Frequently Asked Questions

Source: LISC

Other Resources