The Tax Cut and Jobs Act of 2017 established a new economic tax incentive called Opportunity Zones. The incentive is designed to encourage long-term, private investments in low-income census tracts by providing a federal tax incentive for taxpayers who reinvest unrealized capital gains into Opportunity Funds, which are then invested into opportunity zones.
Eligibility
Iowa's 62 designated Opportunity Zones are identified on the interactive map below. Click on a zone to find basic demographic information.
Application Process
Informational presentations from IEDA's September 2019 Opportunity Zone Workshop are available in the Resources section.
In addition, IEDA has created a portal for sharing project and business investment opportunities within Iowa's opportunity zones.
Submit a project for display and consideration by investors, fund managers, developers and other decision makers.
Resources
- How Cities Can Maximize Opportunity Zones in 10 steps
- Federal Government Opportunity Now Website
- U.S. Department of the Treasury Opportunity Zone Resources
- List of Iowa's Designated Opportunity Zones
- Marketing Iowa's Opportunity Zones Workshop Presentation
- Opportunity Zone Field Manual
- Opportunity Zone Phase 2 Community Toolkit
- Opportunity Zones 101 Workshop Presentation
- Successful Project Examples Workshop Presentation
- Understanding Federal & State Incentives Workshop Presentation