Is your project in an Opportunity Zone? Enter your address using this tool to find out!
The 2017 federal tax reform bill created a new investment tool named Opportunity Zones, which gives holders of capital gains certain tax breaks if they invest in projects that create economic opportunity within defined areas. Numerous communities had areas designated as Opportunity Zones through a competitive nomination process organized by the state. These areas include many of the region’s largest towns, Shovel Ready industrial parks, potential housing projects, and additional development opportunities for new or expanding businesses.
To take advantage of the tax breaks, holders of capital gains invest these assets into Opportunity Funds, which are listed below. It is also possible to create an Opportunity Fund to funnel capital into an individual project of interest to the funder.
To start the process, please contact your Opportunity Zone Administrator (contact info is located with maps of the Zones), or the East Central Regional Development Commission at (320) 679-4065 #29 / email@example.com.
Links to maps and contact information.
|Local Opportunity Zone Contacts|
|2702511103||North Branch||Carla Vita||651-674-8113|
|Chisago Co.||Nancy Hoffman||651-674-5664|
|27059130301||Isanti Co.||Janna King||651-633-4803|
|Cambridge||Stan Gustafson||763 552-3209|
|27065480300||Kanabec Co.||Heidi Steinmetz||320-209-5031|
|Mille Lacs County|
|Mille Lacs Co.||Michael Wimmer||320-983-8239|
|Mille Lacs Band of Ojibwe||Dustin Goslin||320-532-8155|
|27115950700||Pine City||Lezlie Sauter||320-629-2575|
|Pine County||David Minke||320-591-1621|
Opportunity Zone Resources
MN Department of Employment and Economic Development Opportunity Zone links: