Opportunity Zones

About the Program

The Opportunity Zones incentive is a new community tax-advantaged investment tool established by Congress through the Tax Cuts and Jobs Act of 2017. The intent of the Program is to encourage long-term investment in low-income urban and rural communities throughout the United States.
Pasco County hopes to leverage Opportunity Zones as an important tool to support the development of jobs, affordable housing, and economic vitality in these areas.
Pasco County is now the 11th largest county in Florida with a population of approximately 553,947 with an increase of 2.65%. The home-ownership rate in Pasco County, Florida is 74.9%, which is higher than the national average of 64.1%.
How do Opportunity Zones work?
How were the locations of Opportunity Zones determined?