News

Opportunity Zones

Creating Conditions for Duluth's Success
12.17.2018

Over 150 community leaders attended sessions on this tool’s potential for Duluth’s five designated Opportunity Zones and the benefits. This federal program provides an incentive for investors to reinvest unrealized capital gains into Opportunity Funds in exchange for a temporary tax deferral on portions of the initial investment; as well as excluding capital gains taxes on Opportunity Fund investments held for at least ten years. View Presentation