Treasury and IRS Designate Over 6,500 Communities as Opportunity Zones

The U.S. Department of the Treasury and the IRS have designated over 6,500 communities across all 50 states, territories, and D.C. as Qualified Opportunity Zones (QOZs). Effective January 1, 2027, these ten-year designations aim to attract long-term investment into underserved, rural, and economically distressed areas. This initiative stems from the permanent renewal and expansion of the Opportunity Zone tax incentive under President Trump's Working Families Tax Cuts, which also added enhanced incentives for rural communities.