Federal Opportunity Zone (FOZ)

The Federal Opportunity Zone is a program launched as a component of the Federal Tax Cuts and Jobs Act issued through the U.S. Treasury. Designated zones are designed to spur economic development by providing tax benefits to investors.

A Qualified Opportunity Fund is an investment vehicle that is set up as either a partnership or corporation for investing in eligible property that is in a Qualified Opportunity Zone.

Several locations in Central Scranton are designated as a FOZ.

View the Federal Opportunity Zone (FOZ) Powerpoint here.

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