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. To maximize the potential benefits, taxpayers must invest in a Qualified Opportunity Fund before December 31, 2019.
For more information about QOZs in the Lehigh Valley, contact Matthew Tuerk, LVEDC’s Vice President of Economic Development and Marketing, 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