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City of Hollywood Opportunity Zones
Hollywood has two Opportunity Zone designations:
Opportunity 360 Measurement Report
Opportunity 360 Measurement Report
Click here to view an interactive map of the City of Hollywood's Opportunity Zones.
Opportunity Zone Breakdown
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. Opportunity Funds are investment funds organized as a corporation or a partnership that invests in Opportunity Zones. These 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%, and if they hold the investment in the opportunity fund for 10 years, investors pay no taxes on gains earned on the new investment.
The City's role in the Opportunity Zones program is to connect funding with projects, develop a database of investment projects, and leverage the projects to create new opportunities for residents and encourage upward mobility.
Click here to learn if you are located in an Opportunity Zone.
Qualified Opportunity Zone Fund
- Flo Rida To Open Vodka Distillery in Florida 'Opportunity Zone', January 23, 2020
- Governor Ron DeSantis Announces Relaunch of ‘Find It Florida!’
- Hollywood Attracts New Opportunity Zone Investment With 3 Major Projects In The Planning Stages, October 10, 2019
- South Florida Cities Rank Among Top for Opportunity Zone Investment, August 5, 2019
- Opportunity Zones in South Florida, July 25, 2019
- Opportunity Zones Make Real Estate Even More Attractive To Investors, July 12, 2019