St. Louis, MO - Today, St. Louis Development Corporation released its new Opportunity Zone website (stlopportunityzones.org) for the City of St. Louis and announced its partnership with The Opportunity Exchange, a national project and impact-tracking platform that helps communities maximize the impact of the Opportunity Zone incentive. The two organizations will work together to identify, support and showcase Opportunity Zone projects from across St. Louis to the growing number of Opportunity Zone investors nationwide.
“We believe this site will serve as an important tool in attracting new investment to the City and supporting new projects throughout our neighborhoods.,” said Matt Bauer, Opportunity Zone Project Manager for St. Louis Development Corporation.
Created in the Tax Cuts and Jobs Act of 2017, Opportunity Zones is a federal program that provides tax incentives for investments in new businesses and commercial projects in low-income communities. The city of St. Louis contains 27 Qualified Opportunity Zones.
“We are excited to be the portal that will help St. Louis identify and organize a pipeline of projects for local and national investors to connect with,” said Peter Truog, Founder of The Opportunity Exchange.
To view the St. Louis Opportunity Zone website, stlopportunityzones.org
To submit a project into St. Louis’s pipeline, theopportunityexchange.com/StLouis/submit/
To see the current list of publicly listed projects in St. Louis, theopportunityexchange.com/StLouis/profile/
To learn more about The Opportunity Exchange, theopportunityexchange.com
About The Opportunity Exchange: The Opportunity Exchange is a national Opportunity Zone platform focused on making Opportunity Zone investments as transparent, efficient, collaborative, and impact-driven as possible. They partner directly with governments, non-profits, and economic development organizations across the country by providing tools and an online presence that helps them feature their community’s high-impact OZ projects.
About St. Louis Development Corporation (SLDC)
St. Louis Development Corporation (SLDC) is an umbrella, not-for-profit corporation organized under Chapter 355 of the Missouri State Statutes with the mission of fostering economic development and growth in the City of St. Louis by stimulating the market for private investment in City real estate and business development and improve the quality of life for everyone who lives in, works in, and visits the City. The mission of the SLDC is to stimulate the market for private investment in City real estate and business development and improve the quality of life for everyone who lives in, works in, and visits the City of St. Louis. If there are questions, please contact John Parker, Director of Corporate Communications and Media at 314-363-1102 or email him at firstname.lastname@example.org