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Opportunity Zones

Opportunity Zones are a new community development tool established by Congress in the Tax Cuts and Jobs Act of 2017. This new tool is designed to drive long-term capital to low-income communities. The new law provides a federal tax incentive for investors to re-invest their capital gains into Opportunity Funds, which are specialized vehicles dedicated to investing in designated low-income areas.

There are 176 census tracts in Tennessee that are qualified opportunity zones. These low-income tracts were nominated by Tennessee and certified by the Secretary of the Treasury. Tennessee’s 176 tract recommendations were determined based on a strategic and data-driven review of county mayor feedback in addition to consideration of state priorities and initiatives including:

  •  Business development and brownfield redevelopment opportunities
  •  Retail, commercial and tourism development opportunities
  •  Community and rural development initiatives
  •  Low-income housing development opportunities
  • Proximity to entrepreneur centers, technology transfer offices, and colleges and universities

The tracts can be viewed one of several ways:

Resources

Informational Events

  • Opportunity Zones in Tennessee

August 16, 2018, 10:00am CST
Webinar hosted by ECD and the Tennessee Banker’s Association
Download Webinar Recording

  • Opportunity Zones: The Latest Insights from Across the Nation

August 28, 2018, 12:00 PM CST
Webinar hosted by Enterprise and the Council of Development Finance Agencies
Register for WebEx

  • Opportunity Zones: How to benefit with the new tax reform bill

Webinar hosted by Retail Strategies
Download slide deck and webinar recording

  • Opportunity Zones: Maximizing Impact in Your Community

Washington DC
September 5-6, 2018
Registration & Information

  • Opportunity Zones in Tennessee

Nashville, TN
November 2, 2018 (1 hour breakout session)
2018 Tennessee Governor’s Conference
Register


Tennessee's Opportunity Zones