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

Small Business Grants - Support for Veterans
The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity.

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State Wildlife Competitive Grants Program
The United States Fish and Wildlife Service has established the State and Wildlife Competitive Grants Program wherein they intend to implement State Wildlife Action Plans (SWAPs) as a way of addressing issues concerning Species of Greatest Conservation Need (SGCN).

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Eradication of HIV from CNS Reservoirs: Implications for Therapeutics Grant Program
The National Institutes of Health has collaborated with The National Institute of Mental Health (NIMH), The National Institute of Neurological Disorders and Stroke (NINDS), and The National Institute of Allergy and Infectious Disease (NIAID) in an attempt to establish the Eradication of HIV from CNS Reservoirs: Implications for Therapeutics Grant Program.

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Getting Started on your Government Grant
Most people in the United States are either unaware of, or biased against, government grants. They feel that applying for a grant involves too much red tape, and there is the popular myth that there are always strings attached. In reality, getting government grants is easy, and there...

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Grants From The National Science Foundation
Since its creation in 1950, the National Science Foundation has been constantly promoting the progress of science by way of advancing national health and prosperity and financially supporting research and development studies in all the non-medical fields of science and engineering.

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FirstHome Mortgage Program in North Carolina
One of the programs of the agency is the FirstHome Mortgage Program wherein they seek to offer 30-year fixed interest rate mortgages to first time home buyers in the State of North Carolina.

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Program for Investment in Micro-Entrepreneurs Technical Assistance
The Program for Investment in Micro-Entrepreneurs Technical Assistance Program is designed to decrease the number of disadvantaged micro-entrepreneurs by helping them enhance their management capabilities, by way of providing them with technical assistance and training in the areas concerning activities that are associated with starting, expanding and growing their businesses.

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