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Opportunity Zones

Per the IRS, 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. Opportunity Zones were added to the tax code by the Tax Cuts and Jobs Act on December 22, 2017. East Central does not play an active role in this program but we want to share information about Opportunity Zones that fall within the East Central region. Please contact the local community for specific opportunities and Tom Baron at 920-751-4770 or tbaron@ecwrpc.org for general questions.

Links/Resources for Opportunity Zones

Internal Revenue Service (IRS )

https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions

Wisconsin Economic Development Association (WEDA)

http://www.weda.org/federal-government-approves-wisconsin-opportunity-zone-designations/

Wisconsin Economic Development Corporation (WEDC)

https://wedc.org/programs-and-resources/development-opportunity-zone-tax-credit/

Wisconsin Housing and Economic Development Authority (WHEDA)

https://www.wheda.com/Opportunity-Zones/

ECWRPC website