Denver is the perfect city for an Opportunity Zone investment. Year after year, Denver has remained one of America’s fastest growing cities. It has emerged as a hub of commerce and technology, boasting one of the nation’s highest economic growth rates, and the nation’s lowest unemployment rate. Between 2010 and 2015, Denver’s population of millennial-aged citizens increased 12.8 percent, the third highest growth rate in the nation.
The Opportunity Zone program, established in 2017 by the Tax Cuts and Jobs Act, offers an exciting way for investors to defer unrealized capital gains through investing in underdeveloped American communities. The City of Denver has ten of these zones, which are ripe for development.
Responsibly developing Denver’s communities is a top priority of the city. The Office of Economic Development (OED) believes the Opportunity Zone program can be a useful tool in maintaining equitable growth through funding workforce development, affordable housing, infrastructure refinement, and startup enterprises. An investment in a Denver Opportunity Zone is an investment in a better, more equal Denver.
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