Economic Opportunity Zones
What are Economic Opportunity Zones? Economic Opportunity Zones (EOZ) are a new economic development tool established by Congress in correspondence with the Tax Cut and Jobs Act of 2017 to influence long-term investments in urban and low-income communities nationwide. EOZ’s are designed to stimulate economic growth as well as create more jobs for distressed communities. Some notable EOZ benefits: Opportunity Funds will allow U.S. investors that hold unrealized gains in stocks