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City of New Britain
Opportunity Zones
What are the Benefits for Communities?
•Opportunity Zones are meant to drive economic development in low-income and impoverished communities that have experienced little to no growth since the conclusion of the recession.
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•In order to attract further developments to these areas, it is necessary to give incentive to those who have the means of spurring development in the area.
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•The Opportunity Zones legislation will not only spur developments across the housing, retail, commercial, and infrastructure industries for years to come, but it will also open up jobs in each of those categories.
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•Through economic development in struggling areas, significant job creation, and increased property values, Opportunity Zones can transform an entire city for generations to come.
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