Winrock, AEDC launch online hub for opportunity zones

Opportunity Arkansas aims to generate new businesses, create jobs

Arkansas Business

Winrock International and the Arkansas Economic Development Commission launch Opportunity Arkansas, a website with information about investing in Opportunity Zones.

The federal Tax Cuts and Jobs Act of 2017 created Opportunity Zones as economic development and job creation tools for distressed communities. Governors of each state nominated low-income census tracts to become Opportunity Zones, certified by the U.S. Secretary of the Treasury through the Internal Revenue Service.

Once an area is designated an Opportunity Zone, new investments in that community qualify for preferential tax treatment. In Arkansas, 85 census tracts were certified as Opportunity Zones.

More: Click here to visit the website.


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