Opportunity Zones are an economic development tool that allows people to invest in distressed areas in the United States. Their purpose is to spur economic growth and job creation in low-income communities while providing tax benefits to investors. Opportunity Zones were created under the Tax Cuts and Jobs Act of 2017 (Public Law No. 115-97). Thousands of low-income communities in all 50 states, the District of Columbia and five U.S. territories are designated as Qualified Opportunity Zones. Taxpayers can invest in these zones through Qualified Opportunity Funds. There are 156 certified Opportunity Zone census tracts in Indiana.
- Map & List of Indiana’s Opportunity Zones
- Indiana Economic Development Corporation (IEDC) Opportunity Zones page
- IEDC Indiana Opportunity Zones Fact Sheet
In July 2025, (Public Law No. 119-21) made Opportunity Zones permanent in the federal tax code. Under the Opportunity Zone 2.0 program, state governors will be able to nominate 25% of their respective state's eligible census tracks every 10 years for U.S. Treasury certification as Opportunity Zones. Indiana’s census tract nominations are due September 28, 2026. Once certified, these Opportunity Zones will be in place for 10 years, beginning on January 1, 2027.
EPA Information on Brownfields and Opportunity Zones
- IRS Regulations for Opportunity Zones and Brownfields Redevelopment
- Supporting Brownfields Redevelopment using Tax Incentives and Credits
Indiana Brownfields Program OZ Accomplishments
- Program Support for Brownfield Sites in OZs: Indiana Brownfield Program Opportunity Zone Summary
- Indiana Brownfields Program OZ Sites Map: coming soon which will illustrate the estimated 943 sites in the 156 OZs