• Investment Incentives in New Jersey’s Newly Designated “Opportunity Zones” Are One Step Closer to Reality
  • May 1, 2018 | Authors: Robert S. Goldsmith; Mitchel S. Kay
  • Law Firm: Greenbaum, Rowe, Smith & Davis LLP - Roseland Office
  • The U.S. Department of the Treasury has approved 169 New Jersey tracts that were nominated for the Opportunity Zone designation by Governor Murphy. The Opportunity Zone program was enacted in December 2017 as part of the federal Tax Cuts and Jobs Act, in order to stimulate long-term capital investments in low-income communities across the country.