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Opportunity Zones

Purpose of incentive

The Opportunity Zones program is a federal tax benefit that encourages private investment in certain state-designated zones. Benefits to an investor's federal income tax is earned through reinvestment of capital gains into qualified projects. The overall aim of the program is to draw investment to otherwise overlooked opportunities in generally low-income census tracts. The City of Fort Worth can further support or enhance that investment in a variety of important ways.

View the Fort Worth Opportunity Zones Prospectus

How it works

The program allows for the deferral or reduction of federal capital gains taxes when investment proceeds are reinvested in an Opportunity Zone. To benefit from the program, investors must:

  • Have capital gains from a previous investment that can be reinvested within a 180-day period,
  • Commit that capital to an Opportunity Fund, and
  • Use the Opportunity Fund to invest in qualified projects located within an Opportunity Zone.

While investors are not required to work with local officials to benefit from the program, the City of Fort Worth can be a critical partner to Opportunity Zone investors and projects. The City has assembled a broad set of tools designed to strengthen investment opportunities in each of its six Opportunity Zones.

Fort Worth's Opportunity Zones include:

  1. Meacham Airport / Stockyards area (OZ FW-1)
  2. Fort Worth Stockyards / Northside (OZ FW-2)
  3. Stockyards TOD / Diamond Hills (OZ FW-3)
  4. Medical Innovation District / Hillside-Morningside (OZ FW-4)
  5. Cobb Park (OZ FW-5)
  6. East Berry / Edgewood (OZ FW-6)


Map featuring Fort Worth's six Opportunity Zones


City staff can provide invaluable assistance by helping to identify or evaluate eligible project opportunities and, where appropriate, enhance those projects through local incentives. For more information about the program and available support from the City, please review Fort Worth's Opportunity Zones Prospectus or contact the Program Manager at 817-392-6024.

Contact

Strategic Development & Revitalization
1150 South Freeway, Suite 106
Fort Worth, TX 76104
817-392-6021 (phone)
817-392-6031 (fax)

Office of Small Business
1150 South Freeway, Suite 106
Fort Worth, TX 76104
817-392-2622 (phone)
817-392-6031 (fax)

Office of Business Diversity
1150 South Freeway, Suite 144
Fort Worth, TX 76104
817-392-2674 (phone)
817-392-2681 (fax)

Director:
Robert Sturns

Additional partner contact information

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Calendar

Global Business Opportunities for Entrepreneurs: 6 p.m. Sept. 16, 2019; Fort Worth Business Assistance Center, 1150 South Freeway.
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The Right Words Just Work - Message Clarity Workshop: 6:30 p.m. Sept. 17, 2019; Fort Worth Business Assistance Center, 1150 South Freeway.
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Quickbooks Online: 8:30 a.m. Sept. 18, 2019; Fort Worth Business Assistance Center, 1150 South Freeway.
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Breakfast at the BAC featuring Dr. Stacia Alexander: 7:30 a.m. Sept. 19, 2019; Fort Worth Business Assistance Center, 1150 South Freeway.
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Tax Planning for Small Business: 9 a.m. Sept. 21, 2019; Fort Worth Business Assistance Center, 1150 South Freeway.
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Presentations and Pitches Bootcamp: 9 a.m. Sept. 21, 2019; Fort Worth Business Assistance Center, 1150 South Freeway.
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Employee Life-Cycle - Interviewing, Hiring and What Comes Next: 11:30 a.m. Sept. 24, 2019; Fort Worth Business Assistance Center, 1150 South Freeway.
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The Secrets to Buying a Franchise: 9 a.m. Sept. 25, 2019; Fort Worth Business Assistance Center, 1150 South Freeway.
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City of Fort Worth Workshops - RFP, RFQ, ITB and Best Value Solicitations: 8:30 a.m. Sept. 26, 2019; James E. Guinn Entrepreneurial Campus - Fort Worth Business Assistance Center, 1150 South Freeway.
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Building Out a Successful Sales Program: 9 a.m. Sept. 27, 2019; Fort Worth Business Assistance Center, 1150 South Freeway.
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Certification Training for Minority, Women, Small, or Disadvantaged-Owned Business Enterprises and Other Federal Certifications: 6 p.m. Oct. 8, 2019; James E. Guinn Entrepreneurial Campus - Fort Worth Business Assistance Center, 1150 South Freeway.
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Informational Forum for Minority and Women-Owned Business Enterprises: 11:30 a.m. Oct. 10, 2019; James E. Guinn Entrepreneurial Campus - Fort Worth Business Assistance Center, 1150 South Freeway.
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Business Plan Competition - Finale: 6:30 p.m. Oct. 24, 2019; Tbd.

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