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Tennessee's Opportunity Zones
Posted Date: 11/29/2018

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.

There are 176 census tracts in Tennessee that are qualified opportunity zones. These low-income tracts were nominated by Tennessee and certified by the Secretary of the Treasury. Tennessee’s 176 tract recommendations were determined based on a strategic and data-driven review of county mayor feedback in addition to consideration of state priorities and initiatives including:

  • Business development and brownfield redevelopment opportunities
  • Retail, commercial and tourism development opportunities
  • Community and rural development initiatives
  • Low-income housing development opportunities
  • Proximity to entrepreneur centers, technology transfer offices, and colleges and universities
The tracts can be viewed one of several ways:

Resources

Informational Events

Kingsport – Monday, December 3, 2018 – 8:30 AM EST – 12:00 PM EST, MeadowView Conference Center, 1901 Meadowview Pkwy, Kingsport, TN 37660. To register: https://www.eventbrite.com/e/maximizing-the-impact-of-new-opportunity-zones-tickets-52029050290


Knoxville – Tuesday, December 4, 2018 – 9:00 AM EST – 11:30 AM EST, Knoxville Chamber, 17 Market Square, Knoxville, TN 37902. To register: https://tnecd-knoxville-oz.eventbrite.com


Chattanooga – Tuesday, December 4, 2018 – 2:00 PM EST – 5:00 PM EST, The Edney Innovation Center, 1100 Market Street, Chattanooga, TN 37402. To register: https://tnecd-chattanooga-oz.eventbrite.com


Lawrenceburg
– Wednesday, December 5, 2018 – 2:00 PM CST – 5:00 PM CST, Columbia State Community College – Lawrenceburg, 1620 Springer Road, Lawrenceburg, TN 38464. To register: https://tnecd-lawrenceburg-oz.eventbrite.com


Cookeville – Friday, December 7, 2018 – 9:00 AM CST – 12:00 PM CST, Leslie Town Centre, 1 W 1st Street, Cookeville, TN 38501. To register: https://tnecd-cookeville-oz.eventbrite.com


Jackson – Monday, December 10, 2018 – 9:00 AM CST – 12:00 PM CST, Lane College, Chambers-McClure Academic Center, 808 N Hays Avenue, Jackson, TN 38301. To register:https://tnecd-jackson-oz.eventbrite.com


Martin – Monday, December 10, 2018 – 2:00 PM CST – 5:00 PM CST, Northwest Tennessee Development District (NWTDD), 124 Weldon Drive, Martin, TN 38237. To register: https://tnecd-martin-oz.eventbrite.com


Memphis – Tuesday, December 11, 2018 – 9:00 AM CST – 12:00 PM CST, University of Memphis – FedEx Institute of Technology – The Zone, 365 Innovation Drive, Memphis, TN 38152. To register: https://tnecd-memphis-oz.eventbrite.com


Nashville – Wednesday, December 12, 2018 – 10:00 AM CST – 1:00 PM CST – Tennessee State University – Avon Williams Campus Auditorium, 330 10th Avenue North , Nashville, TN 37203. To register: https://tnecd-nashville-oz.eventbrite.com
 

 

Tennessee's Opportunity Zones