Opportunity Zone Contribution Project by the Colorado Economic Development Commission

Make Use of our Opportunity Zone

How It Works…

Opportunity Business Zone Tax Credits

Opportunity Zones (OZ) were enacted as part of the 2017 tax reform package (Tax Cuts and Jobs Act) to address uneven economic
recovery and persistent lack of growth that have left many communities across the country behind.

In the broadest sense, the newly enacted federal
Opportunity Zone (OZ) program provides a federal tax incentive for investors to invest in low-income urban and rural communities through favorable treatment of reinvested capital gains and forgiveness of tax on new capital gains. Opportunity Zones help address a number of challenges:

  • Promoting economic vitality in parts of the state that have not shared in the general prosperity over the past few years
  • Funding the development of workforce and
    affordable housing in areas with escalating prices
    and inventory shortages
  • Funding new infrastructure to support population
    and economic growth
  • Investing in startup businesses that have potential
    for rapid increases in scale and the ability to “export” outside the state of Colorado
  • Upgrading the capability of existing underutilized
    assets through capital improvement investments

More details regarding the Opportunity Zone can be
found at choosecolorado.com/opportunity-zones.

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Reach out to learn more or get started today.

If you are interested in opening or relocating a business to Pagosa, the PSCDC has a wealth of resources at their fingertips with a Rapid Response team to assist you. The close ties to the Pagosa Springs Chamber of Commerce, the Southwest Small Business Development Center, Town of Pagosa Springs, Archuleta County, and Region 9 Economic Development District give all businesses a leg up on consultation, educational opportunities, and financial assistance.