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Atchison Opportunity Zones

The Opportunity Zone program offers tax incentives to citizens who re-invest their unrealized capital gains into Opportunity Funds dedicated to investing in designated, distressed census tracts. Atchison has several Opportunity Zones that are eligible to receive investments to spur economic growth in our community.

For the investor, the Opportunity Zone program offers tax incentives on capital gains taxes when the gain is invested in a Qualified Opportunity Fund and maintained for a period of at least five years.

  • Investors can defer tax on any prior gains invested in a Qualified Opportunity Fund (QOF) until the earlier of the date on which the investment is sold or exchanged, or December 31, 2026.
  • If the Qualified Opportunity Fund investment is held for longer than 5 years, there is a 10% exclusion of the deferred gain, after 7 years, the 10% becomes 15%.
  • Additionally, if the investor holds the QOF investment for at least ten years, the investor is eligible for a permanent exclusion from taxable income of capital gains accrued on the QOF investment.

oz-map
Census Tract 819 - Atchison Opportunity Zone

Opportunity Zones offer Atchison citizens the opportunity to invest back into their communities and proactively be a part of the solution to problems such as housing shortages, lack of jobs, and business development.

Atchison Opportunity Zone Prospectus from Justin Pregont

 

Key Characteristics

  • This is an investor incentive – not awarded to individual companies
  • All incentives pertain to tax treatment of investor’s capital gains
  • Geared toward new businesses and projects – Entrepreneurship
  • Market-based incentive – investors determine program’s success based on investable opportunities they identify

Highlights

  • Targeted – tracts already designated
  • Simple – no complicated qualifications or red tape
  • Scalable – no cap or minimum, scale to investor demand
  • Flexible – multiple types of investment opportunities
  • Patient – incentives tied to longevity of investment
  • Community Focused – investor payoff tied to community success
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More Information

Kansas Dept of Commerce

Economic Innovation Group

Meb Faber Podcast Link

Local Initiatives Support Coalition (LICS) Fact Sheet 

U.S. Dept. of Treasury CDFI Fund

Tags Development IncentiveIndustrialInfill Housing

Whether you need resources, investment capital, expertise navigating business tax credits and grant programs or just a cadre of like-minded entrepreneurs and many levels of corporate leadership, Grow Atchison can help.

Contact


Justin Pregont
Consultant Pomeroy Development
515 Kansas Avenue
Atchison, KS 66002
Ph: (913) 367-5506

Justin Pregont
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