Virginia Beach has eight Opportunity Zones that are uniquely positioned and ready for investment and growth.
What is an Opportunity Zone?
Opportunity Zones, created as a result of the Federal Tax Cuts and Jobs Act of 2017, are designed to encourage long-term investments in designated portions of a community. Tax incentives are provided to investors who re-invest their unrealized capital gains into one of the designated zones.
Virginia Beach Opportunity Zones
Virginia Beach has eight (8) designated Opportunity Zones.