Opportunity Zones
Goal: Encourage long-term investments in low-income communities from both individual and corporate investors
Targets areas where markets are poised to grow and gives additional incentives to further that growth.
Opportunity Zones
Goal: Encourage long-term investments in low-income communities from both individual and corporate investors
Targets areas where markets are poised to grow and gives additional incentives to further that growth.
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About Opportunity Zones
The City of Memphis and Shelby County currently have 8 designated Opportunity Zones representing approximately 13% of the city’s total population. These zones were determined based on multiple strategic factors, including business development/brownfield redevelopment opportunities, retail/commercial/tourism development opportunities, community and rural development initiatives, low-income housing development opportunities, and proximity to entrepreneur centers, technology transfer offices, and colleges and universities.
Investors are given federal tax incentives to re-invest their capital gains into Opportunity Funds, which are specialized vehicles dedicated to investing in designated low-income areas. This new capital then drives economic development and job creation in distressed communities.
For more information on Opportunity Zones, please visit Opportunity Mem.
Memphis & Shelby County Opportunity Zone Areas
Core City
Whitehaven
University
Millington
Looking for investment opportunities?
To learn more about Opportunity Zones and take advantage of area opportunities, follow the link!
Memphis & Shelby County Opportunity Zone Areas
Core City
Whitehaven
University
Millington
Looking for investment opportunities?
To learn more about Opportunity Zones and take advantage of area opportunities, follow the link!
