Garrett County Government - Department of Business Development

Opportunity Zones: A Legitimate Investment Option

Last Updated on Sep 23, 2019 at 4:23pm | Strategic Advantages

U.S. Assistant Secretary of Commerce for Economic Development Dr. John C. Fleming outlines how Opportunity Zones can benefit investors while at the same time help transform distressed communities across the United States in a FORTUNE Magazine Op-Ed.
Opportunity Zones were created under the 2017 Tax Cuts and Jobs Act, signed into law by President Donald J. Trump on December 22, 2017, to stimulate economic development and job creation, by incentivizing long- term investments in low-income neighborhoods.
As Assistant Secretary Fleming points out, the initiative provides a unique investment vehicle to engage communities and regional leaders to promote and direct investment to and spur job creation in underserved, impoverished, or otherwise distressed communities throughout the country.
To learn more about the Economic Development Administration’s (EDA) Opportunity Zone work, visit our official Opportunity Zone webpage.
For the location and additional information about Garrett County's three Federal Opportunity Zones, please click here.