About

ABOUT

The Emerald Coast Opportunity Zone

THE EMERALD COAST PARTNERSHIP

A UNIQUE COLLABORATION OF MUNICIPALITIES, TRIBES, AND LOCAL GOVERNMENTS

The Emerald Coast Opportunity Zone is a partnership of five tribal nations, four cities, two counties and two port authorities. We comprise 14 federally designated Opportunity Zone census tracts.

Together, the partners of the Emerald Coast Opportunity Zone are building community driven projects that present good investments, good jobs, affordable and high-end housing, and support innovative entrepreneurs.

The Emerald Coast Opportunity Zone is for investors who measure returns in both revenue and healthier, stronger communities.

Governor Jay Inslee at Emerald Coast Opportunity Zone kickoff

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WHAT ARE OPPORTUNITY ZONES?

LOW INCOME CENSUS TRACTS WITH TAX INCENTIVE INVESTMENT OPPORTUNITIES

The Opportunity Zone program is part of the federal Tax Cuts and Jobs Act of 2017, signed into law on Dec. 22, 2017. Opportunity Zones are designated low income census tracts. Governors can designate up to 25 percent of their state’s low-income census tracts as Opportunity Zones.

This new law incentivizes real estate and business investment in these Opportunity Zones. Investors are able to defer and reduce taxes on their capital gains by investing in Qualified Opportunity Funds that in turn are invested in designated Opportunity Zones.

OUR PARTNERS

WE ARE A TEAM OF MUNICIPALITIES, TRIBES, AND LOCAL GOVERNMENTS.

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