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.
