Opportunity Zones: Their Impact on the Mid-Atlantic Commercial Real Estate Market

Created in the Tax Cuts and Jobs Act of 2017, Opportunity Zones are a new federal program designed to spur economic development and job creation in distressed communities. Opportunity Zones are low-income Census tracts in which tax incentives are offered to those who invest and hold their capital gains in Zone assets or property. The U.S. Treasury has approved 8,700 qualified Opportunity Zones that were designated by the governor of every U.S. territory and state as well as the mayor of the District of Columbia.

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