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What Contractors and Real Estate Developers Should Know About Newly Boosted Qualified Opportunity Zones
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What Contractors and Real Estate Developers Should Know About Newly Boosted Qualified Opportunity Zones
As real estate development increases, so does demand for construction. Contractors should take note of Qualified Opportunity Zones (QOZs) in their markets, as recent legislative changes could lead to more building activity in these areas. Originally introduced under the Tax Cuts and Jobs Act (TCJA), QOZs were designed to stimulate investment in economically distressed communities by offering tax incentives to investors using Qualified Opportunit…
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