JAMESTOWN, N.D.—Economic development officials are looking at the newly announced Opportunity Zones as a chance for people to invest in local communities and shelter some income from capital gains tax.
Gov. Doug Burgum announced Friday, April 20, the designation of 25 zones in 15 counties in North Dakota.
The Opportunity Zone program was part of the 2017 Tax Cuts and Job Act approved by Congress and signed by the president. All the states were allowed to specify areas that would participate in the program.