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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

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Global Entrepreneurship Week: Kickoff Celebration: 6 p.m. Nov. 14, 2019; Ireb Garden And Lobby, 3430 Camp Bowie Blvd.
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Building Out a Successful Sales Program: 9 a.m. Nov. 15, 2019; Fort Worth Business Assistance Center, 1150 South Freeway.
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Global Entrepreneurship Week: Small Business Workshop: 10 a.m. Nov. 15, 2019; Shamblee Branch, Fort Worth Public Library, 1062 Evans Ave.
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Global Entrepreneurship Week: Oval Table Series - A Small Business Discussion with the Fort Worth Chamber of Commerce: 3 p.m. Nov. 18, 2019; Fort Worth Chamber Of Commerce, 777 Taylor St, Suite 900.
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Global Entrepreneurship Week: FuseFW: 6 p.m. Nov. 18, 2019; Fort Worth Business Assistance Center, 1150 South Freeway.
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Global Entrepreneurship Week: Start-Up Series with John Adams of Mucinex: 6 p.m. Nov. 18, 2019; Met Building At Unt Health Science Center, 1000 Montgomery Ave.
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Global Entrepreneurship Week: Business Research at the Library: 6:30 p.m. Nov. 18, 2019; Southwest Regional Branch, Fort Worth Public Library, 4001 Library Lane.
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Global Entrepreneurship Week: The State of Entrepreneurship in Fort Worth: 11:30 a.m. Nov. 19, 2019; Fort Worth Museum Of Science And History, 1600 Gendy St.
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Global Entrepreneurship Week: Made in the USA - Easier and Cheaper Than You Think: 3 p.m. Nov. 19, 2019; Commongrounds Workplace, 702 Houston St.
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Global Entrepreneurship Week: Manufacturing in Vietnam: 4:30 p.m. Nov. 19, 2019; Fort Worth Business Assistance Center, 1150 South Freeway.
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Global Entrepreneurship Week: Growing Your Small Business With PeopleFund: 6:30 p.m. Nov. 19, 2019; Shamblee Branch, Fort Worth Public Library, 1062 Evans Ave.
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Global Entrepreneurship Week: Small Business Workshop: 10 a.m. Nov. 20, 2019; Central Branch, Fort Worth Public Library, 500 West 3rd St.
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Global Entrepreneurship Week: Education and Entrepreneurship - The Roles Have Changed: 11:30 a.m. Nov. 20, 2019; Jack Morton Business Accelerator, 3114 East Rosedale St.
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Global Entrepreneurship Week: Foodie Fest at Texas Wesleyan: 2 p.m. Nov. 20, 2019; Martin University Center, Texas Wesleyan University, 3165 East Rosedale.
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Global Entrepreneurship Week: TechFW Connect The Dots - World of Entrepreneurs: 5:15 p.m. Nov. 20, 2019; Unt Health Science Center, 3500 Camp Bowie Blvd.
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Global Entrepreneurship Week: Igniting Urban Cores - Developing an Entpreneurial Ethos: 5:30 p.m. Nov. 20, 2019; Texas Wesleyan University Martin Center, 3165 East Rosedale.
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Breakfast at the BAC - How to Hire, Get Hired: 7:30 a.m. Nov. 21, 2019; Fort Worth Business Assistance Center, 1150 South Freeway.
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Global Entrepreneurship Week: Beyond a Marketing Presentation: 8 a.m. Nov. 21, 2019; Fort Worth Business Assistance Center, 1150 South Freeway.
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Global Entrepreneurship Week: Sustainability in Healthcare - Global, Regional and Campus Perspectives: noon Nov. 21, 2019; Center For Biohealth, 3432 Camp Bowie Blvd.
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