Coming Soon:

 

The ECIDA Erie County

 

Opportunity Zone

 

Investment Guide


Please be sure to revisit this site periodically for updated information on the key assets in Opportunity Zone communities,

 and links to a variety of investment and business growth opportunities.


What is an Opportunity Zone?

The Opportunity Zones program is a federal tax deferment investment program designed to spur community development in distressed areas by providing long-term tax benefits to investors. Erie County has 23 census tracts, or zones, within the following communities that have been designated as Opportunity Zones by the U.S. Department of the Treasury:

  • Town of Amherst
  • City of Buffalo
  • City of Lackawanna
  • City of Tonawanda
  • Town of Tonawanda

Investing in or creating a new business or development in a designated Opportunity Zone may have significant future tax benefits to an investor, such as deferred taxes on Capital Gains.

 

Helpful Links:
Qualified Opportunity Zones Resources
Frequently Asked Questions



Opportunity Zone: The former Bethlehem Steel site in Lackawanna, NY

Search the Treasury Department Map to determine if a specific address is located in the Opportunity Zone.


For information regarding Erie County Opportunity Zones contact:

John Cappellino, ECIDA Executive Vice President & COO

716-856-6525 ext 118

 Click here to email.