Opportunity Zones are a new community development program established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term private sector investments in targeted urban and rural communities nationwide.
The Opportunity Zones program provides a tax incentive for investors to re-invest their unrealized capital gains into Opportunity Funds that are dedicated to investing into designated Opportunity Zones. The fund invests at least 90% of its assets in Opportunity Zone properties, either directly or through qualifying corporations or partnerships.
The figure above illustrates how an investor’s potential after-tax returns compare. Detailed examples can be found in the LEAP Opportunity Zones Fact Sheet.
Develop This! Podcast: What Are Opportunity Zones - Episode 23
The Lansing region's educational pipeline produces nearly 18,000 college graduates each year (Emsi Dec. 2018 report)
Only region in Michigan with positive overall employment growth from 2012-2017 (Business Leaders for Michigan)
Lansing has 20% more millennials than comparably-sized metros across the U.S. (Emsi Dec. 2018 report)
Lansing is the 4th best place in America for millennial homebuyers (Lending Tree early 2018)
From 2017 to 2018, Lansing made the 4th greatest leap of any U.S. community with growing jobs, technological development and wage gains, rising 49 spots to #89 (Milken Institute Best Performing Cities 2019)
Michigan State University is the #1 school for supply chain talent in the U.S. and worldwide (U.S. News and World Report)
The Lansing region is #1 in Michigan for growing population ages 25-34 in 2017 (Business Leaders for Michigan)
The Lansing region is #1 in Michigan for educational attainment ages 25-64 over the last five years (Business Leaders for Michigan)
The Lansing region is #1 in Michigan in labor force growth, ages 16+, over the last five years (Business Leaders for Michigan)
Lansing is the Best Affordable Place to Live in America for 2018 (Livability.com)
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