By Chris Mickey

May 23, 2018


Opportunity Zones

The 2017 Tax Cuts and Jobs Act created the opportunity zone program, which allowed states to designate qualified low-income areas as opportunity zones. Governor Mead nominated 25 zones in Wyoming in April and all 25 have since been certified by the U.S. Department of Treasury.

Opportunity zones allow any taxpayer to defer capital gains taxes by investing their gains in property or businesses within an opportunity zone. The goal is to create new jobs and wealth by encouraging investments.

“Opportunity zones have the potential to attract business and improve prosperity in communities,” said Governor Matt Mead. “As Wyoming works to diversify its economy and spark growth in cities and towns, investment in these areas provides additional incentives.”

“There are a range of investment opportunities within these tracts including startups, business expansions, real estate, infrastructure and research,” said Sarah Fitz-Gerald, industrial development manager for the Wyoming Business Council.

The zones are located throughout the state in cities, towns and rural areas.

”We look forward to matching investors with the golden opportunities in business and property investment available in Wyoming,” said Shawn Reese, chief executive officer of the Business Council. “This is a sound financial opportunity for investors and a perfect chance to develop and diversify our communities.”

More about opportunity zones, including a list of the zones and an interactive map, can be found on the Business Council’s website at www.wyomingbusiness.org/opportunityzones.

Business

Related News & Updates

Wyoming companies to celebrate Manufacturing Day

Wyoming companies to celebrate Manufacturing Day
  • Date: Wednesday, September 19, 2018

Wyoming companies to celebrate Manufacturing Day The 2018 National Manufacturing Day is Oct. 5, and Wyoming companies are hosting events and opening their doors to the public to celebrate...

Read More

Company relocations, new investment highlight inaugural UW hackathon

Company relocations, new investment highlight inaugural UW hackathon
  • Date: Friday, September 14, 2018

The University of Wyoming’s Sports Complex in Laramie played host to a new type of competition on Sept. 7-9: a blockchain-based hackathon.  WyoHackathon 2018 attracted about 400 people and...

Read More