Opportunity Zones San Diego

The program allows investors to utilize incentives including capital gains tax breaks by investing in a designated opportunity zone. Opportunity zones represent a brand new program the federal government has created to help spur reinvestment in under capitalized communities across the nation.

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As part of the federal tax reform bill states had the opportunity to identify opportunity zones for local economic development opportunity.

Opportunity zones san diego. California opportunity zones will support new investments in environmental justice sustainability climate change and affordable housing. To qualify investors must reinvest proceeds from the sale of current investments within a specific period of time into a qualified opportunity fund. Established in the tax cuts and jobs act of 2017 opportunity zones provide tax incentives for investment in designated census tracts.

Informational site for san diego opportunity zones and promise zones. We know that most businesses operating now in barrio logan southeast san diego city heights and el cajon are not your typical equity candidates. San diego is situated to benefit from this program with a notable chunk of census tracks designated as opportunity zones.

A focus on poverty areas with business activity and geographic diversity. As we refine our opportunity zones strategy we are looking at creative debt like equity investments in the existing small businesses in san diegos opportunity zones. Opportunity zones are a new tool for community development.

According to the california department of finance zones were determined based on.

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