Opportunity Zone Program

The recently passed U.S. Tax Cut and Jobs Act of 2017 created the Opportunity Zone Program to provide incentives for investment in low income communities throughout the country. An Opportunity Zone is a designated geographic area, in which individuals can gain favorable tax treatment on their capital gains, by investing those funds (through a privately-created Opportunity Fund) into economic activities in the area. The Governor of each state is able to nominate up to 25 percent of its low income census tracts (LICs) to be designated as Opportunity Zones.

SouthCoast Opportunity Zones:

  • Fairhaven
  • Fall River
  • New Bedford
  • Somerset
  • Taunton
  • Wareham

Follow this link to access interactive Commonwealth’s Opportunity Zone Map

Follow this link for information from the federal Economic Development Administration on Opportunity Zones