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’s 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