Opportunity Zone

Opportunity Zone / Private Sector Investment

What are Opportunity Zones?

Opportunity Zones is a new tax incentive, created through the Tax Cuts and Jobs Act of 2017, to encourage long-term investments in low-income communities across the United States – including Indian Country. There are 8,764 Opportunity Zones in the United States with approximately 3,500 located in rural zip codes and many of which have experienced a lack of investment for decades. The Opportunity Zones initiative is not a top-down government program from Washington but an incentive to spur private and public investment in America‚Äôs underserved communities.  Opportunity Zones provides an incentive for investors to receive a tax deferral by re-investing their unrealized capital gains into what are known as Opportunity Funds.

To view a listing of Tribal Opportunity Zone Designations among USET-member Tribal Nations click this HERE.

For more information about Opportunity Zones in Indian Country, visit https://nafoa.org/opportunity_zones

Additional resources:

Tribal Economic Development Principles-at-a-Glance Series Opportunity Zones in Indian Country Updated (3/4/20)

The Impact of Opportunity Zones: An Initial Assessment

Opportunity Zones Best Practices Report to the President  from The White House Opportunity and Revitalization  Council

How Opportunity Zones Work Video

Executive Order on Establishing the White House Opportunity and Revitalization Council

Opportunity Zones Frequently Asked Questions

White House Opportunity and Revitalization Council

Economic Development Administration OZ Website

OPPORTUNITY ZONES TOOLKIT VOLUME 2: A Guide to Local Best Practices and Case Studies   

USET SPF Resolutions:
2020 SPF:006 Urging Legislative Action to Ensure Opportunity Zone Provisions Promote Economic Development Across Indian Country