Enacted as part of the Tax Cuts and Jobs Act of 2017, Opportunity Zones were designed to provide significant tax benefits to incentivize long-term investment in economically-distressed communities. Opportunity Zones have been designated in all 50 states, the District of Columbia, and five U.S. possessions. Foley’s Opportunity Zone Team is well-positioned to advise investors, fund sponsors, developers, business leaders, and municipalities on how to take advantage of these benefits.
