Opportunity zones: What they are, where they are, why you should care about them

July 24, 2019

Opportunity zones are designated census tracts that house low-income communities. Within these designated zones, investors of all kinds essentially get a tax break if they invest in the community with real estate or a business. Governors were able to nominate 25% of their low-income census tracts for the designation. The first opportunity zones, according to the IRS, were designated in April of last year.