IU, U.S. Economic Development Administration launch USA Opportunity Zones website
January 15, 2020
Indiana University and the U.S. Department of Commerce’s Economic Development Administration have launched a new online mapping tool that will help business people find Opportunity Zones that aim to steer private investment toward economically distressed areas.
The Opportunity Zone initiative passed in 2017 grants capital gains tax cuts and deferrals to investors in designated Opportunity Zones, which locally include portions of Gary, Hammond, East Chicago, Valparaiso, Michigan City and LaPorte.