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Opportunity Zones

Opportunity Zones

Opportunity Zones were enacted into federal law through the Tax Cuts and Jobs Act of 2017 to spur private investment in distressed communities across the United States. The City has a designated Opportunity Zones coordinator to help provide information and guide efforts in Baltimore.  For more information about Opportunity Zones, please click here.

 

 

Information about Opportunity Zones
2017 BDC By the Numbers

2017 BDC By the Numbers

 

  • Assisted 131 businesses
  • Helped retain 2,184 jobs
  • Helped create 1,896 jobs
  • Issued six RFPs (Request for Proposals), consisting of 21 of city owned parcels
  • Finalized eight land disposition agreements
  • Public investment of $5,494,728 leveraged $278,175,980 in private investment

To read more about BDC’s 2017 activities, please check out our annual report.