Opportunity Zones are a new community development program established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in areas such as Chippewa Falls. The Opportunity Zones program provides a tax incentive for investors to re-invest their unrealized capital gains into qualified Opportunity Funds that are organized and dedicated to investing into officially designated Opportunity Zones designated by the Governor. The program uses low-income community census tracts to determine areas eligible for Opportunity Zone designation. Governors in each state are authorized to designate up to 25 percent of the total number of low-income census tracts in their states as Opportunity Zones. The U.S. Department of the Treasury will make the final decision on designate Opportunity Zones based on Governor Walkers submitted recommendations. “The Chippewa County Economic Development [...]