What Are Opportunity Zones

by: Michael Saunders

Opportunity Zones are an economic development tool that allows people to invest in distressed areas in the United States.

The purpose of the Opportunity Zone programs is to spur economic growth and job creation in low-income communities while providing tax benefits to investors.

Opportunity Zones were created under the Tax Cuts and Jobs Act of 2017. Thousands of low-income communities in all 50 states, the District of Columbia and five U.S. territories are designated as Qualified Opportunity Zones.

Taxpayers can invest in these zones through Qualified Opportunity Funds.   (continued...)

What Are Opportunity Zones
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About The Author Michael Saunders is an editor of TopGovernmentGrants.com. He edits a site on Community Foundations that highlights the Social Progress Index for Counties around the country and Opportunity Zones within these foundations' areas of coverage.

Additional Government Grants Resources

National Science Foundation's Smart Health and Wellbeing Program
The National Science Foundation has constituted the development of the Smart Health and Wellbeing (SHB) Program wherein they intend to address scientific and technical issues that would pave the way towards the transformation of the healthcare process from being rather reactive and hospital centered into becoming preventive, proactive, evidence-based, patient-centered and focused on the wellbeing of the person rather than his/her disease.

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Behavioral Interventions to Address Multiple Chronic Health Conditions in Primary Care Program
The National Institutes of Health has recently established the Behavioral Interventions to Address Multiple Chronic Health Conditions in Primary Care Program wherein it intends to utilize common conceptual models in creating independent interventions that will contribute to the modification of health behaviors and the improvement of health outcomes in patients diagnosed with co-morbid chronic diseases and health conditions.

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National Science Foundation: Ocean Acidification
The Ocean Acidification Program is geared towards the acquisition of a better understanding of the potentially adverse effects of slowly acidifying oceans.

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Biomedical and Behavioral Research Innovations to Ensure Equity in Maternal and Child Health
the National Institutes of Health has recently partnered with the Eunice Kennedy Shriver National Institute of Child Health and Human Development (NICHD) to establish the Biomedical and Behavioral Research Innovations to Ensure Equity (BRITE) in Maternal and Child Health Grant Program.

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National Urban and Community Forestry Challenge Cost-Share Grant Program
The National Urban and Community Forestry Advisory Council, in close cooperation with the US Forest Service, has established the National Urban and Community Forestry Challenge Cost-Share Grant Program.

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Invasive Aquatic Species Inventory and Infestation Prevention Program
The Bureau of Land Management has recently developed the Invasive Aquatic Species Inventory and Infestation Prevention Program wherein they aim to document and monitor the presence of Zebra and Quagga mussels in the bodies of water through Idaho.

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Department of Housing and Urban Development: Energy Innovation Funds for Multifamily Pilot Program
Pursuant to the Consolidated Appropriations Act of 2010, the Department of Housing and Urban Development(HUD), has recently announced a funding opportunity entitled Energy Innovation Fund: Multifamily Pilot Program.

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