Opportunity Zones were established by the Tax Cuts and Jobs Act of 2017 § 1400Z and are low-income census tracts that are nominated for that designation by each State’s Executive Officer and certified by the U.S. Department of Treasury. They offer preferential tax treatment for new investments in these zones.
Economic development, redevelopment, and rehabilitation of abandoned and/or distressed industrial and commercial sites as well as economically challenged and underserved communities is on the rise in Fort Wayne and elsewhere in the Northeast Indiana region.
Economic development, redevelopment, and rehabilitation of abandoned and/or distressed industrial and commercial sites as well as economically challenged and underserved communities is on the rise in Fort Wayne and elsewhere in Northeast Indiana.
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