The Top Counties for Opportunity Zone Investment
Among the many aspects of the Tax Cuts and Jobs Act of 2017 was the creation of so-called Opportunity Zones — low income areas certified by the U.S. Treasury where real estate investors can place their capital at a tax advantage.
There are more than 8,700 Opportunity Zones in the U.S. today, offering investors a chance to defer and lower taxes on capital gains. With so many choose from, what’s a speculator to do?
They can start with this list from COMMERCIALCafé.
The commercial real estate blog recently ranked the top counties for Opportunity Zone investment based on employment data, GDP, population growth, poverty rates, labor data, and education. Four California counties — Sacramento, Yolo, Alameda, and Riverside — made the top 25.
The top 10 were as follows:
1. Travis, TX
2. Sacramento, CA
3. Washington, DC
4. Clark, NV
5. Wake, NC
6. Maricopa, AZ
7. Utah, UT
8. Galveston, TX
9. Franklin, OH
10. Yolo, CA
Want to learn more about Opportunity Zones? Read "The Federal Opportunity Zones Program and Its Implications for California Communities" from the California Budget and Policy Center.