The 2017 Tax Cut and Jobs Act (TCJA), with bi-partisan support, created the Opportunity Zone (OZ) tax incentive as a means to spur economic development, develop infrastructure and create jobs in low-income communities. 

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In 2018, the Treasury Department designated 8,764 census tracts in every state, D.C. and Puerto Rico, accounting for 12% of all census tracts, and 86% of which are in urban areas. The 35 million population that resides in OZs are typically less educated (22% have not attained a high school degree), lower income (37% lower family income), higher unemployment (1.6 times higher than the US average) and poverty (32% poverty rate, double than the US average).

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To unlock $6+ trillion of capital assets, OZs provide significant tax benefits to investors, most notably the ability to eliminate taxes on an unlimited amount of capital gains if held for over 10 years.  To date, over $150 billion has been invested in the designated Opportunity Zones, the greatest economic development program in United States’ history!

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Below is a map of OZs created by OpportunityZones.com, but it's big so give it time to load.