What is an Opportunity Zone?

An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as Opportunity Zones if they have been nominated for that designation by the state and that nomination has been certified by the Secretary of the U.S. Treasury via his delegation of authority to the Internal Revenue Service. Established by Congress in the Tax Cuts and Jobs Act of 2017, Opportunity Zones provide tax incentives for private investment in low-income communities nationwide.

Resources

Learn more about Opportunity Zones

Article from Bloomberg - "Second Set of Opportunity Zone Regulations Provide Helpful Guidance"

Arkansas Opportunity Zones Map (PDF)

Arkansas Opportunity Zones Map (Interactive)

Read AEDC's press release about Opportunity Zones

Read AEDC's blog post about Opportunity Zones

ACA ยง26-51-460 Opportunity Zones

Frequently Asked Questions

Economic Innovation Group - Frequently Asked Questions

IRS - Frequently Asked Questions