One-third of states consider creating incentives for investments in Opportunity Zones

The Council of Development Finance Agencies (CDFA) has a new report describing steps states are taking to make the most of their Opportunity Zones. One common strategy is assessing how other incentive programs can be combined with Opportunity Zones to maximize investor interest.

According to the report, 33% of states indicated they are considering creating incentives for Opportunity Fund investments, including Colorado, Illinois, Kentucky, Michigan and Oregon. In Colorado, the Office of Economic Development and International Trade specifically hopes that additional incentives will help its more highly distressed communities compete for investment.

by Ellen D. Harpel

One-third of states consider creating incentives for investments in Opportunity Zones