+ What is an Opportunity Zone?
An Opportunity Zone is a low-income census tract where attractive tax benefits are offered for long-term investments in projects within the zone. Opportunity Zones were nominated by governors in each state and certified by the federal government. Find a map of Virginia's Opportunity Zones here.
+ What is a Qualified Opportunity Fund?
A Qualified Opportunity Fund is a partnership or corporation designed to invest at least 90% of capital held into Opportunity Zone projects. Individual investors can start their own fund or join an existing one to support OZ projects.
+ What tax benefits are available to investors?
Tax on capital gains that are reinvested into Opportunity Zones are deferred until 2026 and can be reduced by up to 15%. At the 10-year mark, tax on capital gains from your OZ investment are eliminated completely.
+ What is a prospectus and why is it important?
A prospectus is a document that showcases a particular town or city where Opportunity Zone projects exist. It includes a community profile, shovel-ready OZ projects, and other special characteristics of the area. A prospectus is an essential tool when it comes to promoting a community to investors.
+ How do I submit a project in an OZ?
Click here to submit a project via The Opportunity Exchange, Opportunity Virginia's online marketplace.
Still have questions? Contact us here.