About the Opportunity Zone Program
The Opportunity Zone is an economically-distressed area where new investments may be eligible for preferential tax treatment.
The Opportunity Zone program was created as part of the Tax Cuts and Jobs Act of 2017 and is a new tax incentive intended to help distressed urban and rural communities in the State of Missouri and across the country. Opportunity Zones are low-income census tracts selected by each state’s governor and confirmed by the U.S. Department of Treasury.
The aim of Opportunity Zones is to improve economic outcomes of these distressed communities by incentivizing investors through the temporary deferral of capital gains taxes.
Individuals and corporations with capital gains can reinvest these gains in investment funds that will focus investments within Qualified Opportunity Zones to receive these tax benefits. Investment decisions are made solely at the discretion of the investors. These investments will focus primarily on new income-generating real estate projects (multi-family and commercial properties) and start-up businesses.
St. Louis Unveils Opportunity Zone Website and Announces Partnership with The Opportunity Exchange
01/13/2020 - St. Louis Unveils Opportunity Zone Website and Announces Partnership with The Opportunity Exchange doc
Daffney Moore Selected as Chief Opportunity Zone Officer for SLDC
10/24/2019 - Daffney Moore Selected as Chief Opportunity Zone Officer for SLDC doc
The Rockefeller Foundation Awards Grants to Fuel Plans for Equitable Investment in Opportunity Zones in St. Louis, Oakland, and Dallas
09/06/2019 - LISC and BCT Partners Named National Partners
St Louis releases Opportunity Zone Prospectus for developers and investors
04/10/2019 - St Louis releases Opportunity Zone Prospectus for developers and investors doc
Low Income Census Tracts To Be Named Opportunity Zones
04/13/2018 - Twenty-seven (27) of these tracts will be located within the City of St. Louis