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opportunity-zones.html
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<!DOCTYPE html>
<html lang="en-US">
<head>
<title>District Opportunity Zones </title>
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<meta content="Our district Opportunity Zones located in western Arizona communities."
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<meta content="Alan Pruitt, @westernazedd"
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<meta content="Western Arizona Economic Development District, Inc."
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<span id="myIntro" class="w3-hide">CEDS | Opportunity Zones</span></p>
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<h1 class="w3-xxlarge">Western Arizona Economic Development District</h1>
</header>
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<h1>Opportunity Zones</h1>
<h2 id="c121">Background</h2>
<p>
An Opportunity Zone is an economically-distressed community where private investments, under certain conditions, may be eligible for capital gain tax incentives.
</p>
<p>
Opportunity Zones were created under the 2017 Tax Cuts and Jobs Act, signed into law by President Donald J. Trump on December 22, 2017, to stimulate economic development and job creation by incentivizing long-term investments in low-income neighborhoods.
</p>
<p>
More than 8,760 designated Qualified Opportunity Zones are located in all 50 States, the District of Columbia, and five United States territories. Investors can defer tax on any prior gains invested in a Qualified Opportunity Fund (QOF) until the earlier date on which the investment in a QOF is sold or exchanged or until December 31, 2026.
</p>
<h6><a href="ceds.html">Return to CEDS</a></h6>
<hr>
<h2 id="c122">EDA & Opportunity Zones</h2>
<aside>
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Have you checked out the Opportunity Zones tool on <a href="https://t.co/1RFUmT6Mwt">https://t.co/1RFUmT6Mwt</a>? This web-based tool links <a href="https://twitter.com/hashtag/OpportunityZones?src=hash&ref_src=twsrc%5Etfw">#OpportunityZones</a> with EDA data to help local economic developers and investors, target their investments: <a href="https://t.co/PLosP00Jyb">https://t.co/PLosP00Jyb</a> <a href="https://twitter.com/IUibrc?ref_src=twsrc%5Etfw">@IUibrc</a> <a href="https://twitter.com/KelleySchool?ref_src=twsrc%5Etfw">@KelleySchool</a> <a href="https://t.co/jvQ0fava47">pic.twitter.com/jvQ0fava47</a></p>— EDA (@US_EDA) <a href="https://twitter.com/US_EDA/status/1348704820396494848?ref_src=twsrc%5Etfw">January 11, 2021</a></blockquote> <script async src="https://platform.twitter.com/widgets.js"></script>
</aside>
<p>
The Economic Development Administration (EDA) provides strategic investments through competitive grants that foster job creation and attract private investment to support development in the United States' economically distressed areas.
</p>
<p>
EDA is encouraging our economic development partners to think of Opportunity Zone investment as a new arrow in their quiver to enhance ROI for business interests and promote the public/private partnerships needed to drive private investment to distressed areas. Steps EDA has taken to prioritize Opportunity Zones include:
</p>
<ul>
<li>
In FY18, EDA issued a Notice of Funding Opportunity that made Opportunity Zones eligible for EDA funding through its special needs category, even if the area would not meet EDA's economic distress criteria.
</li>
<li>
In June 2019, EDA added Opportunity Zones as one of its five Investment Priorities to help significantly increase the number of catalytic Opportunity Zone-related projects we can fund.
</li>
<li>
As part of the White House Opportunity and Revitalization Council (WHORC), EDA provides an overview of our role in the initiative at Opportunity Zone roundtables that bring together local elected officials, business leaders, and community groups, and others across the country.
</li>
</ul>
<h6><a href="ceds.html">Return to CEDS</a></h6>
<hr>
<h2 id="c123">Regional Prospectus Information</h2>
<p>
<aside>
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Our regional <a href="https://twitter.com/hashtag/CED?src=hash&ref_src=twsrc%5Etfw">#CED</a> contains up-to-date <a href="https://twitter.com/hashtag/OpportunityZones?src=hash&ref_src=twsrc%5Etfw">#OpportunityZones</a> information for potential investors and site selectors interested in <a href="https://twitter.com/cityofyuma?ref_src=twsrc%5Etfw">@CityofYuma</a> and <a href="https://twitter.com/CityofKingman?ref_src=twsrc%5Etfw">@CityofKingman</a> <a href="https://t.co/mdSrR1aTYJ">https://t.co/mdSrR1aTYJ</a> <a href="https://t.co/LXfNjKapSQ">https://t.co/LXfNjKapSQ</a></p>— Western Arizona EDD (@westernazedd) <a href="https://twitter.com/westernazedd/status/1321859418460319746?ref_src=twsrc%5Etfw">October 29, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js"></script>
</aside>
<p>
<a href="https://www.azcommerce.com/arizona-opportunity-zones/" rel="noopener">Arizona Opportunity Zones Information</a>
</p>
<p>
<a href="https://www.choosekingman.com/home/showdocument?id=3301" rel="noopener">Kingman Arizona Opportunity Zone Prospectus</a>
</p>
<p>
<a href="https://drive.google.com/file/d/1DMr9st7AQfIPj8Iev40OqvnXWuwUz6PY/view" rel="noopener">City of Yuma Arizona Opportunity Zone Prospectus</a>
</p>
<p>
March 5, 2021, City of Yuma Opportunity Zone Success Article: <a href="https://drive.google.com/file/d/16lT4sT7jjAXnk-qGjYQD9xbn6eNZMzg4/view?usp=sharing" target="_blank" rel="noopener">"Community celebrates La Quinta groundbreaking"</a>
</p>
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