Qualified opportunity zones present a tremendous opportunity for investment in the Lehigh Valley. The cities of Allentown, Bethlehem, and Easton each includes zones offering generous tax advantages that will deliver enormous benefits to private-sector investors and promising economic growth potential for the region’s communities.
These zones allow investors to defer taxes by reinvesting capital gains from an asset sale into a qualified opportunity fund during the 180-day period beginning on the date of the sale or exchange giving rise to the capital gain.
For information about QOZs in the Lehigh Valley, contact Doug Warfel, LVEDC’s Director of Business Attraction and Lending, at [email protected]
QOZ Acerage: 2,064
QOZ Tax Parcels: 1,430
Properties in central business district, publicly-owned parking lot zoned for commercial use, and 20-acre industrial redevelopment opportunity
QOZ Acerage: 5,319
QOZ Tax Parcels: 814
Multiple opportunities including retail sites in thriving urban centers
QOZ Acerage: 1,364
QOZ Tax Parcels: 699
Multiple publicly-owned sites in central business district. Zoned for multi-family and commercial uses