Opportunity Zone Kent County's Opportunity Zone includes 8.3 square miles or 5,330 acres in Chestertown. Opportunity Zones are a nationwide initiative administered by the U.S. Treasury created under the 2017 Tax Cuts and Jobs Act. The program provides federal tax incentives for investment in communities over the next 10 years. The provision in the tax code allows investors to take advantage of big breaks on federal capital gains taxes by investing in small businesses and housing in lower-income communities. The Maryland Department of Housing and Community Development will administer the program with support from the Maryland Department of Commerce. *Investors are encouraged to consult their Accountants and/or Attorneys for guidance. DHCD / Maryland Opportunity Zones Opportunity Zones 101 Map Approved Opportunity Zones Resources IEDC Webinar_The Power and Possibility of Opportunity Zones IEDC Webinar 03.21.19 Part 1 - Opportunity Zones 201 IEDC Webinar 03.21.19 part 2 - Get in the (OIpportunity) Zone DHCD Opportunity Zone Presentation Leadership Committee 03.19.19 PNC Opportunity Zone Fund The National Council of State Housing Agencies (NCSHA) Directory of Opportunity Funds Opportunity Zones Reporting Framework
