UTAH’S OPPORTUNITY ZONES GINGER CHINN, MANAGING DIRECTOR
OPPORTUNITY ZONES PROGRAM • • • •
2017 tax reform Tax incentive for investors Rural community support Opportunity funds
CENSUS TRACK • • • •
181 Opportunity Zones 46 eligible for designation (25%) Sun-setting in 2026 74,000 census tracts across the nation
UTAH’S ROLE • • • •
Statewide economic development Jobs in rural Utah Prioritized areas Community involvement
TIMELINE March 20 March 29 April 2 April 4 April 20
Zones due to Treasury Utah applied for extension City/County dialogue due Zone recommendation sent to GOED Met with Governor Herbert Send to Treasury
THANK YOU FOLLOW US: @BUSINESSUTAH BUSINESS.UTAH.GOV