Seattle breaks ground on its first Opportunity Zone investment 

The Opportunity Zones program was marketed as a way to help poor communities by offering major capital-gains tax breaks for investors to park their cash in 8,000 designated low-income census tracts.

Source: www.washingtontimes.com

Seattle’s first opportunity zone development broke ground last week. Opportunity Zones in Seattle are offering a variety of growth to their communities such as multi-use buildings, hotels, student housing, and more. Seattle is offering some of their new complex’s at lower-rates with hopes that those who work in the industries surrounding it will be able to afford these luxury-style apartments.

This program was created to help stimulate growth in the distressed communities known as opportunity zones. The program offers major capital-gains tax incentives to encourage investors to invest in the communities long-term. In turn, helping these communities grow, and providing jobs for the people within these communities.

About the author:

David Brim

David Brim is a marketing strategist, entrepreneur and investor living in Orlando, Florida. He is the managing director of the Orlando Opportunity Fund., and founder of Opportunity Zone Hub. Learn more at his blog Filled to the Brim.

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