What are Opportunity Zones?
The Opportunity Zones incentive is a new community investment tool established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. Opportunity Zones provide a tax incentive for investors to re-invest their unrealized capital gains into dedicated Opportunity Funds.
For more information about Opportunity Zones click here to view a presentation by the Sherbert Group.
Where are the Qualified Opportunity Zones in High Point?
There are three opportunity zones in the High Point city limits. Two of them are in the Core City, Census Tract 37081014300 and Census Tract 37081013800, the third is in Forsyth County, Census Tract 37067003313. Below are maps of the zones in the Guilford and Forsyth County part of High Point. For a more interactive map, you may go to thePoint and highlight the opportunity zone layer by checking the box on "Jurisdictional" then "Opportunity Zone".