Opportunity Zone Program
The Opportunity Zone program is a nationwide initiative administered by the U.S. Treasury created under the 2017 Tax Cuts and Jobs Act. The program provides federal tax incentives for investment in distressed communities over the next 10 years. Areas designated as Opportunity Zones will be able to reap the benefits of new capital investment to help redevelop underserved communities.
Developed by the Maryland Department of Housing and Community Development to facilitate Opportunity Zone investment, the Maryland Opportunity Zone Information Exchange is the first interactive resource of its kind in the nation, serving as a virtual meeting place for investors, fund managers, property developers, new or expanding businesses, and local stakeholders. The Information Exchange features a locator for projects and businesses located in Maryland’s Opportunity Zones and information on financial and other incentives available at the state, county and municipal level.
Click on link to view the City of College Park Opportunity Zone Boundaries
To learn more about the Opportunity Zone Program: https://dhcd.maryland.gov/Pages/OZ/OpportunityZones.aspx
Opportunity Zone Fund Listing: https://dhcd.maryland.gov/Pages/OZ/FundsListing.aspx