Opportunity Zone

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The City of Cameron is largely covered by an Opportunity Zone.  Opportunity Zones allow an investor to defer capital gains tax on a qualifying opportunity zone project.

The investor benefits of an Opportunity Zone are explained at https://opportunityzones.hud.gov/investors.  Entrepreneurial benefits are described at  https://opportunityzones.hud.gov/entrepreneurs. Cameron's Opportunity Zone roughly mirrors the New Market Tax Credit (NMTC) Qualifying zone although the NMTC Zone is more expansive than the Opportunity Zone.