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BY MATT SMAPLES FOR WV NEWS
The Opportunity Zones Program is a new community development program established by Congress as a result of Public Law 115-97, also known as the federal Tax Cuts and Jobs Act of 2017.
The Opportunity Zones Program gives each state’s Governor the authority to designate Opportunity Zones, or areas of populations that are eligible to receive private investments through Opportunity Funds. While the designation does not guarantee private sector investment, it does make it eligible under Federal guidelines. The program is designed to drive long lasting investments into rural and low-income urban communities in every U.S. state and territory.
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