Created in the Tax Cuts and Jobs Act of 2017, Opportunity Zones is a new federal program that provides tax incentives for investments in new businesses and commercial projects in low-income communities. On April 2018, Mayor Bowser nominated 25 census tracts to be Opportunity Zones. The U.S. Department of Treasury certified these tracts on May 18, 2018.

The Opportunity Zone program is a nationwide initiative administered by the U.S. Treasury created under the 2017 Tax Cuts and Jobs Act. The program provides federal tax incentives for investment in distressed communities over the next 10 years. Areas designated as Opportunity Zones will be able to reap the benefits of capital gains to help redevelop undeserved communities. The state was entitled to nominate 149 low-income census tracts to be Opportunity Zones. Once the U.S. Treasury has approved the state’s Opportunity Zone nominations, the designation will be effective for 10 years. The Maryland Department of Housing and Community Development will administer the program with support from the Maryland Department of Commerce. This is a MD iMAP hosted service. Find more information at https://imap.maryland.gov. Feature Service Link: https://mdgeodata.md.gov/imap/rest/services/BusinessEconomy/MD_IncentiveZones/FeatureServer/14

The Opportunity Zone program is a nationwide initiative administered by the U.S. Treasury created under the 2017 Tax Cuts and Jobs Act. The program provides federal tax incentives for investment in distressed communities over the next 10 years. Areas designated as Opportunity Zones will be able to reap the benefits of capital gains to help redevelop undeserved communities. The state was entitled to nominate 149 low-income census tracts to be Opportunity Zones. Once the U.S. Treasury has approved the state’s Opportunity Zone nominations, the designation will be effective for 10 years. The Maryland Department of Housing and Community Development will administer the program with support from the Maryland Department of Commerce. This is a MD iMAP hosted service. Find more information at https://imap.maryland.gov. Feature Service Link: https://mdgeodata.md.gov/imap/rest/services/BusinessEconomy/MD_IncentiveZones/FeatureServer/14

The Opportunity Zones (OZ) program provides tax incentives for equity investments in businesses and commercial projects in designated Census Tracts. The District of Columbia's Opportunity Zone Marketplace is a platform where project sponsors, fund managers, investors, community members, and professional service providers can connect. The Marketplace includes listings of investment opportunities and OZ Community Corps service providers. This platform is managed by the Office of the Deputy Mayor for Planning and Economic Development (DMPED). DMPED assists the Mayor in the coordination, planning, supervision, and execution of economic development efforts in DC with the goal of creating and preserving affordable housing, increasing tax revenue, and creating jobs.

Census tracts designated as Opportunity Zones. Qualified census tracts are those that have a poverty rate of at least 20 percent of a median income that does not exceed 80 percent of the area median income. The opportunity fund model encourages investors to pool their resources in opportunity zones, increasing the scale of investments going to underserved areas. The program provides a federal tax incentive for investors to re-invest unrealized capital gains into opportunity zones through opportunity funds. Under the terms of the program, the governor of each state must submit a plan to the federal government designating up to 25 percent of the qualified census tracts in their state as opportunity zones, which is then subject to approval of the Secretary of the Treasury.

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This is a MD iMAP hosted service layer. Find more information at http://imap.maryland.gov. Businesses locating in a RISE Zone or an existing business doing a significant expansion within the Zone - may qualify for real property tax credits and income tax credits related to capital investment and job creation. Zone designations are for 5 years. Last Updated: 12/07/2015 Feature Service Layer Link: http://geodata.md.gov/imap/rest/services/BusinessEconomy/MD_IncentiveZones/FeatureServer/12 ADDITIONAL LICENSE TERMS: The Spatial Data and the information therein (collectively "the Data") is provided "as is" without warranty of any kind either expressed implied or statutory. The user assumes the entire risk as to quality and performance of the Data. No guarantee of accuracy is granted nor is any responsibility for reliance thereon assumed. In no event shall the State of Maryland be liable for direct indirect incidental consequential or special damages of any kind. The State of Maryland does not accept liability for any damages or misrepresentation caused by inaccuracies in the Data or as a result to changes to the Data nor is there responsibility assumed to maintain the Data in any manner or form. The Data can be freely distributed as long as the metadata entry is not modified or deleted. Any data derived from the Data must acknowledge the State of Maryland in the metadata.

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This is a MD iMAP hosted service. Find more information at http://imap.maryland.gov. Transit-oriented development (TOD) is an approach to land use planning and development which promotes the efficient use of land and transportation infrastructure. TODs are generally higher density developments comprising a mix of residential - office - commercial - and civic uses in a pedestrian friendly environment within walking distance of a transit center. In 2008 the Maryland legislature adopted a formal definition for TOD as a dense - mixed-use - deliberately planned development within a half-mile of transit stations that is designed to increase transit ridership"". Last Updated: 12/2015Feature Service Link:http://geodata.md.gov/imap/rest/services/BusinessEconomy/MD_IncentiveZones/FeatureServer/11 ADDITIONAL LICENSE TERMS: The Spatial Data and the information therein (collectively the ""Data"") is provided "as is" without warranty of any kind either expressed implied or statutory. The user assumes the entire risk as to quality and performance of the Data. No guarantee of accuracy is granted nor is any responsibility for reliance thereon assumed. In no event shall the State of Maryland be liable for direct indirect incidental consequential or special damages of any kind. The State of Maryland does not accept liability for any damages or misrepresentation caused by inaccuracies in the Data or as a result to changes to the Data nor is there responsibility assumed to maintain the Data in any manner or form. The Data can be freely distributed as long as the metadata entry is not modified or deleted. Any data derived from the Data must acknowledge the State of Maryland in the metadata.