Click Here to view the Bluefield, WV Opportunity Zone Prospectus.
The Opportunity Zones incentive is a community investment tool established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. Opportunity Zones provide a tax incentive for investors to re-invest their unrealized capital gains into dedicated Opportunity Funds.
The City’s Community & Economic Development Department submitted an application on behalf of the Cities of Bluefield and Princeton and Mercer County for three census tracts. Tracts 23 & 24 were chosen and we received the designation. There are over 8,700 Opportunity Zones in the US.
https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questio…;