The 2017 Tax Cut and Jobs Act established the Qualified Opportunity Zone program to provide a tax incentive for private, long-term investment in economically distressed areas of communities. Investors in these programs are given the opportunity to defer and potentially reduce tax on recognized capital gains. Tax savings are only available when investors retain the investment in the Qualified Opportunity Fund for a period of time.
Moorhead has a Qualified Opportunity Zone which encompasses most of the downtown area all the way down to 7th Ave S. Moorhead is expected to be a center of growth in the region, the opportunity zones provide a chance to join in on this investment opportunity.
Moorhead is looking for developers with big project ideas and investors with unrealized capital gains to connect with or establish Opportunity Funds to create new opportunities in Downtown Moorhead. Call 218.299-5441 or email today email@example.com.