The Tennessee Department of Economic & Community Development States:
Opportunity Zones are a new community development tool established by Congress in the Tax Cuts and Jobs Act of 2017. This new tool is designed to drive long-term capital to low-income communities. The new law provides a federal tax incentive for investors to re-invest their capital gains into Opportunity Funds, which are specialized vehicles dedicated to investing in designated low-income areas.
For more information, visit the Tennessee Department of Economic & Community Development website, here.
Or take a look at the IRS – Opportunity Zones FAQ page.
Clarksville Opportunity Zones
Clarksville is the county seat of Montgomery County, Tennessee. It is the fifth-largest city in the state behind Nashville, Memphis, Knoxville, and Chattanooga
Clarksville is the home of Austin Peay State University; The Leaf-Chronicle, the oldest newspaper in Tennessee; and neighbor to the Fort Campbell, United States Army base. Fort Campbell is located about 10 miles (16 km) from downtown Clarksville, straddling the Tennessee-Kentucky state line. While the post office for the base is located on the Kentucky side, the majority of the base’s acreage is on the Tennessee side.
Clarksville’s overall quality of life is touted as being highly desirable with the City enjoying a positive business environment, significant job opportunities, low crime rates, affordable housing and geographically located for easy access, with sufficient infrastructure capabilities.
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Opportunity Zone News
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