What Are Opportunity Zones
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Opportunity Zones provide three benefits with respect to local community and economic development.

1. They offer an ability to act as a convening agent for a diverse array of stakeholders in thinking about community-level investments.
2. Opportunity Zones additionally provide a tax incentive for capital gains.
3. They also provide preferential consideration in federal grants, loans, and technical assistance programs.

Communities have seen all three of these benefits leveraged in a variety of ways to support a multitude of projects, from affordable housing and healthcare to small business development and renewable energy.

For communities to achieve the maximum benefit from the Opportunity Zone program, states and investors must be committed to the original intent of Opportunity Zones and endeavor to support impactful projects that incorporate community input and align with social impact goals.

What Are Opportunity Zones
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About The Author Michael Saunders is an editor of TopGovernmentGrants.com. He edits a site on Community Foundations that highlights the Social Progress Index for Counties around the country and Opportunity Zones within these foundations' areas of coverage.

Additional Government Grants Resources

Modeling Social Behavior Grant Program
The National Institutes of Health has collaborated with the National Institute of General Medical Sciences (NIGMS) and the National Institute of Mental Health (NIMH) in order to establish the Modeling Social Behavior Grant Program wherein they intend to seek applications for the development and evaluation of innovative theories, as well as computational, mathematical, and engineering approaches that could better our understanding of a human being's social behavior.

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Applying for a Grant - Where and How
Applying for a grant used to be a difficult and tedious process. The applications were long and often difficult to obtain. Even worse, loans used to be difficult to locate. Unless you were extremely ...

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Project to Combat Rural Exploitative Child Labor In Peru
The Office of the Assistant Secretary for Administration and Management has established another funding opportunity to support the Project to Combat Rural Exploitative Child Labor In Peru.

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Department of Housing and Urban Development: Energy Innovation Funds for Multifamily Pilot Program
Pursuant to the Consolidated Appropriations Act of 2010, the Department of Housing and Urban Development(HUD), has recently announced a funding opportunity entitled Energy Innovation Fund: Multifamily Pilot Program.

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Centers for Material Life Cycle Safety Program
The United States Environmental Protection Agency has established the Centers for Material Life Cycle Safety Program wherein it intends to solicit applications for the development of interdisciplinary centers that have the capability of focusing on the creation of chemicals, compounds, mixtures of compounds, or products.

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Migratory Bird Joint Ventures: Playa Lakes Joint Venture Base Operations
The Southwest Region of the US Fish and Wildlife Service is now seeking applications and proposals for the start of base operations, that is core support staff activities and functions, for the Playa Lakes Joint Venture partnership.

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Construction Incentive Program for First Time Home Buyers in New York
The State of New York cares so much about its people. It looks out for them and constantly ascertains that their best interest is always protected. One of the ways in which the state has manifested this concern is through the establishment of the State of New York Mortgage Agency, more commonly referred to as SONYMA, which is a public authority established in 1970 designed to provide reasonable and affordable home-ownership opportunities to low and moderate income New Yorkers, especially to first time home buyers.

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