OKC's Opportunity Zones provide incentives for investment

Published Tuesday, February 19, 2019
by David McCollum

What, exactly, is an Opportunity Zone?

An Opportunity Zone is a designation created by the Tax Cuts and Jobs Act of 2017 allowing for certain investments in lower income areas to have tax advantages. The purpose of this program is to put capital to work that would otherwise be locked up due to the asset holder's unwillingness to trigger a capital gains tax.

The zones were proposed by U.S. Sen. Tim Scott and supported by Sean Parker's Economic Innovation Group. States may designate up to 25 percent of low-income census tracts as Opportunity Zones.

Read the full article on VeloCity

Visit our affiliate sites

Shop Oklahoma City "While we are facing what may be a worldwide economic downturn, Oklahoma City’s economic development planning, investment in our city and efforts to diversify our economy are paying off."
Shop Oklahoma City According to census figures, OKC is now the 25th-largest city in the US.
Shop Oklahoma City One thing that may surprise newcomers, visitors & sometimes even long-time locals about OKC is the depth, passion and diversity of our visual arts community. We have a cool new Visual Arts story on our @GreaterOKC site.
@okcretail Our local shops help make OKC special and the kind of place we're proud to call home. These businesses need our help. The @okcchamber just kicked off our "Stand Tall and Shop Small for OKC" campaign.
@okcretail Three new stores announced at @OKCOutlets! More via #VeloCityOKC.
@okcretail According to a recent SmartAsset analysis, OKC businesses were remarkably successful in getting PPP loans approved.
Welcome to OKC | Property Search | Success Stories | Districts - Regional | Districts - Neighborhood | News
maps | about us | contact us | sitemap