The Economic Development Commission of Florida’s Space Coast understands how helpful certain tax advantages can be for your company to thrive. We also know how important it is to connect private capital with low-income communities on Florida’s Space Coast. That’s why we offer the expert Opportunity Zones Program insights and business assistance needed to find out where the right opportunity zones are, put your capital to work in low-income communities, and enhance your chances of success in re-investing your unrealized capital gains into dedicated Opportunity Funds that offer the following three tax advantages: a temporary tax deferral for capital gains reinvested in an Opportunity Fund, a step-up in basis for capital gains reinvested in an Opportunity Fund, and a permanent exclusion from taxable income of capital gains from the sale or exchange of an investment in a qualified opportunity zone fund, if the investment is held for at least 10 years.
Think opportunity zones are too complicated, too competitive, or not worth the returns? Or have no clue about opportunity zones to begin with? Let the Economic Development Commission help you learn about and benefit from the opportunity zones program – which also works to encourage new capital investments and job creation for the Brevard County community.
Search Now. Ready to discover more about Opportunity Zones? Download our Area Map to find designated areas located throughout Cocoa, Melbourne, Palm Bay, and Titusville.
Connect With Us. Let’s talk! Reach out to our business expansion and relocation team at (321) 638-2000 to learn more about opportunity zones
Learn More. Why was the Opportunity Zones Program created, and who can qualify? Take advantage of our Opportunity Zones FAQ to have all your questions answered. You can also use our FAQ to further explore the tools you can use to search for opportunity zones and learn about additional support services available.