State Of New Jersey Opportunity Zones

Department of treasury for inclusion in the newly created federal opportunity zones program.

Red jersey zwift. Network with investors developers stakeholders local leaders. Interested in your states or territorys opportunity zone strategy. The opportunity zones incentive is a new community investment tool established by congress in the tax cuts and jobs act of 2017 to encourage long term investments in low income urban and rural communities nationwide.

New brunswick perth amboy carteret designated opportunity zones by census tract in new jersey 0 20 40 miles date. Welcome to the new jersey opportunity zones the opportunity zones program was enacted as part of the 2017 federal tax cuts and jobs act and is designed to drive long term capital investments into low income rural and urban communities. Click here to learn more.

Analysis shows they represent the kinds of places where the state would like to direct growth and where targeted investment can catalyze economic revitalization. Championed by senators cory booker d nj and tim scott r sc the 2017 tax reform law incorporated the opportunity zones program to provide federal community development tax incentives and. Each state was tasked with choosing its own set of census tracts to be designated as opportunity zones subject to certain income criteria.

The department of community affairs administers the program in new jersey and was responsible for selecting new jerseys opportunity zone tracts. Municipalities with opportunity zones the state of nj site may contain optional links information services andor content from other websites operated by third parties that are provided as a convenience such as google translate. For a list of the census tracts designated by the secretary of the treasury as opportunity zones in july 2018 please click here.

The murphy administration announced it has recommended census tracts within 75 new jersey towns to the us. The opportunity zone marketplace provides a platform to discover and promote real estate and business opportunities network with investors developers stakeholders local leaders and service providers and pursue projects shaping the future of new jersey communities. Discover and promote real estate and business opportunities.

This federal program provides opportunities for private investors to support investments in distressed. Welcome to new jerseys opportunity zone marketplace connecting new jersey communities and project opportunities with a national network of investors and project partners. New jerseys proposal to designate 169 census tracts as opportunity zones has been approved.