The City of Youngstown is an Opportunity Zone Community, with 7 designated Census Tracts that qualify for both Federal and State tax credits. The Opportunity Zone program enables investors with capital gains tax liabilities to receive favorable tax treatment for investing in Opportunity Funds certified by the U.S. Treasury. Opportunity Funds provide investors with tax deferral options and potentially permanent exclusion from the taxable income of capital gains.
Reasons to Invest in Youngstown
Real estate is well below the national average, among metropolitan areas, with competitive wage rates and lower tax rates, allowing the Live, Learn, Work and Play experience. Experience quality of life, less stress, a lower cost of living, a short commute time, and lower cost of operations like water, electricity, and gas. The market for office space is well below the national average and you can take advantage of competitive wage rates.
Return on your Investment
Opportunity Zones present tremendous investment opportunities for real estate developers and manufacturers to benefit from significant capital gains savings and structuring a real estate deal that works for you.