Salt Lake City

opportunity zones

Salt Lake City seeking input about which low-income communities should receive federal development incentives

Salt Lake City is asking the public to provide input about which low-income census tracts should be considered for federal incentives to spur economic development. The City has given Salt Lake County its recommendations, but a public hearing will be held April 3 to discuss whether other areas should be included.

The areas would be designated as Opportunity Zones, which would make tax incentives available for communities that struggle with poverty and stagnant job and business growth. The program allows investors to re-invest their capital gains into a fund for Opportunity Zones.

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