Opportunity Zones

Opportunity Zone

What Are Opportunity Zones?

Opportunity Zones are census tracts designated by the federal government, where investments receive preferential tax treatment under the Tax Cuts and Jobs Act of 2017. The idea is to spur economic development and job creation in these areas by providing tax incentives.

What is an Opportunity Fund?


An Opportunity Fund is an investment fund organized as a corporation or a partnership that invests in Opportunity Zones.


Why Invest in Opportunity Funds?


Opportunity Funds allow investors to defer federal taxes on capital gains until December 31, 2026. Investors can reduce their capital gains taxes by up to 15% or pay no capital gains tax if the investment in a qualified Opportunity Zone is held for 10 years.



Where Are The Opportunity Zones in the City of Hollywood?


Hollywood has two Opportunity Zone designations:

  • Liberia – Oakwood  Plaza – South Florida Design & Commerce Center
Liberia neighborhood between Sheridan Street and Stirling Road between FEC and Anglers Avenue, which also includes all of the South Florida Design and Commerce Center. 

  • Young Circle – Hollywood Boulevard - South Federal Highway
In east Hollywood, from Polk Street to Pembroke Road from Federal Highway to Dixie Highway, including Young Circle. 


Liberia - Oakwood Plaza - South Florida Design & Commerce Center


Opportunity Zone Map - Liberia - Oakwood Plaza - South Florida Design Commerce Park

Young Circle – Hollywood Boulevard - South Federal Highway

Opportunity Zone Map - Young Circle and Hollywood Blvd. to Pembroke Road

For More Information on Opportunity Zones

Please call the

 

City of Hollywood Office of Communications, Marketing and Economic Development at 954.921.3620.