Opportunity Zones

Opportunity Zones are a new concept recently enacted in the 2017 Tax Cuts and Jobs Act.  The State of Michigan has 288 of these Opportunity Zones, one of which is in the City of Evart (census tract 9704).  They are designed to encourage capital investments in low-income communities nationwide that have been cut off from capital and experienced a lack of business growth.

Federal guidance for this program is still developing, in the meantime refer to the Michigan State Housing Development Authority (MSHDA) website for information.