{"id":22897,"date":"2018-12-22T09:00:57","date_gmt":"2018-12-22T14:00:57","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=22897"},"modified":"2020-07-14T10:33:27","modified_gmt":"2020-07-14T14:33:27","slug":"opportunity-zones-invest-in-alabama","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/opportunity-zones-invest-in-alabama\/","title":{"rendered":"Opportunity Zones: Invest in Alabama"},"content":{"rendered":"

Opportunity Zones are the talk of the US tax world. These opportunity zones are currently<\/span>\u00a0the best government program that is incentivizing investment into distressed areas in the United States. In fact, the opportunity zones might just be the biggest tax shelter EVER created in the United States. Every private investor and investment firm should definitely look into this as a viable option to eliminate or defer US tax on capital gains.<\/span><\/p>\n

There are over 8,700 designated opportunity zones in the United States that could benefit from private investment. The best part of this is that you get total support from the Government with little interference from them. <\/span><\/p>\n

Today I am going to talk about a state that has a number of opportunity zones and is one of the best examples of a quick return of investment that the program is talking about. I am referring to the southern state of Alabama. <\/span><\/p>\n

Alabama might not be the first thing that comes to mind when you\u2019re talking about investing, but it definitely should. The southern part of the United States has a lot of promise and little competition. <\/span><\/p>\n

Of all of the communities that are featured in the state of Alabama, 158 were selected as opportunity zones. The communities that were selected in Alabama as opportunity zones are close to a cluster of other communities and neighborhoods meaning that an investment in opportunity zones in Alabama could mean investing in a number of communities. <\/span><\/p>\n

The state of Alabama has 67 counties, which means that there are at least 2 opportunity zones in each county. The Governor of Alabama had the task of selecting which opportunity zones were featured. <\/span><\/p>\n

In order to select which areas could be considered opportunity zones, the Governor and his team had to do an in-depth examination of each county and a review of the planned investments on undeveloped land. <\/span><\/p>\n

A lot of non-profit institutions were created with the purpose of advertising these opportunity zones to third party private investors. Everybody sees the value in creating businesses and jobs for the people of these areas. <\/span><\/p>\n

Average population living in the selected opportunity zones in Alabama equals 3,863 without counting the surrounding communities in each county that did not qualify as an opportunity zone.<\/span><\/p>\n

34% is the average poverty rate of an opportunity zone in Alabama, and a big part of that percentage are citizens of the county that do not have jobs and could benefit from the construction of an industrial-based company or a real estate development. <\/span><\/p>\n

Median family income of an opportunity zone is about $30,043. Well below the median family income average of the state of Alabama which is a little more than $48,000. To put it into a few words, there is room for growth. <\/span><\/p>\n

Here are some additional details about investing in an opportunity zone in Alabama:<\/span><\/p>\n