Opportunity Zones Program

  • The Florida Opportunity Zones nominated by Governor Rick Scott were certified by the U.S. Department of the Treasury on June 14, 2018. The certification letter from U.S. Treasury can be found here. For Gov. Scott’s nomination letter to the U.S. Treasury, click here.
    • For a full list of Florida’s certified Opportunity Zones, click here.
    • For a list of Frequently Asked Questions on Opportunity Zone program, click here.
    • For a map showing the location of the nominated Opportunity Zone program, click here.
    • For the statewide press release, click here.
  • In December 2017, President Donald Trump signed the Tax Cuts and Jobs Act of 2017, which created a new tool for community economic development, the Opportunity Zones program.
  • This new tool provides tax incentives, including a temporary deferral on capital gains taxes, when investors reinvest those gains in qualified Opportunity Funds. The funds must in turn invest in low-income communities from designated census tracts, called Opportunity Zones.
  • The act allowed the Governor of each state to nominate up to 25 percent of eligible low-income census tracts as Opportunity Zones.
  • The U.S. Department of Treasury will be developing rules regarding the necessary qualifications of Opportunity Funds and eligible investments. More guidance about the funds and investments can be found at: Home Treasury - Press Release
  • The full text of H.R. 1, the Tax Cuts and Jobs Act of 2017, can be found at: Congress Bill 115th House Bill

Additional Opportunity Zone Resources

Economic Innovation Group: EIG Opportunity Zones

Enterprise Community Partners: Enterprise Community - Focus Opportunity Zone Program

National Development Council: NDC Online - Unpacking the Investment in Opportunity Act 

Opportunity Zone Eligibility Tool: Enterprise Community - Opportunity360

Department of Treasury Opportunity Zone Resources: CDFIFund - Opportunity Zones

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