Opportunity Zones

Revitalizing Iowa

The Tax Cut and Jobs Act of 2017 established a new economic tax incentive called Opportunity Zones. The incentive is designed to encourage long-term, private investments in low-income census tracts by providing a federal tax incentive for taxpayers who reinvest unrealized capital gains into Opportunity Funds, which are then invested into opportunity zones.  

Iowa's 62 designated Opportunity Zones are identified on the interactive map. Click on a zone to find basic demographic information.

Informational presentations from IEDA's September 2019 Opportunity Zone Workshop are available in the Resources section. In addition, IEDA has created a portal for sharing project and business investment opportunities within Iowa's opportunity zones. 

Click here to submit a project for display and consideration by investors, fund managers, developers and other decision makers.

Mason City Opportunity Zone Shines Spotlight on Iowa Development

Mason City Housing Rendering
As Steve Boote explored Mason City’s newly renovated downtown, wandered the cobblestoned plaza, perused the new storefronts and admired the sculptures, he knew an Opportunity Zones project would be successful there.  

Owner of Talon Development LLC and Eagle Construction Inc., Boote has spent the last several years developing workforce housing, or affordable housing for residents who make less than an area’s median income, throughout the Dakotas. As his work branched into Iowa, his home state, as well as Wisconsin and Nebraska, he discovered the Opportunity Zones program.

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Opportunity Zones in Iowa

Interactive Map

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