OPPORTUNITY ZONE RESEARCH

Opportunity Zones are an economic development program created by Congress in the Tax Cuts and Jobs Act of 2017. The goal of the program is to encourage private-sector investment in low-income rural and urban areas through federal tax incentives. The Alabama Department of Economic and Community Affairs, working with Governor Kay Ivey, recently identified 158 Opportunity Zones in the state, with at least one in each of the state’s 67 counties. The Alabama Center for Real Estate created the following reports as a resource for industry stakeholders. The following information is found within each county’s Opportunity Zone report: list of Opportunity Zones with corresponding census tract numbers, a map displaying it’s relative location, total population with percentage change, total housing units with percentage change, median age, and a link for more data.