Opportunity Zones

Opportunity Zones

10 census tracts in Springfield have been designated as Opportunity Zones by the Missouri Department of Economic Development (DED). 

The federal Tax Cuts and Jobs Act of 2017 created the Opportunity Zone program, which incentivizes private investment in projects such as new and expanding businesses, infrastructure, real estate and housing located within the approved census tracts. Opportunity Zone investors receive capital-gains tax deferral, reduction in basis for long-term investments, and other tax incentives. The program seeks to revitalize communities and create jobs in areas that otherwise may not be considered by investors.

More information about how to invest in Opportunity Zone projects will be available soon. The U.S. Department of Treasury has not yet issued regulations describing how Opportunity Funds will be established and operated.

“The Opportunity Zones program will help spur new investments in communities where they’re needed most. By bringing investment incentives to underserved areas, the program will help create more jobs, drive economic growth, and improve the quality of life for families across our state. The Opportunity Zones program is another example of how tax reform is directly benefitting Missourians, and turning the page on years of slow growth and stagnant wages. I’m proud to support this program … ,” stated Sen. Roy Blunt, in a release from the governor's office.

“Because the greatest tax benefit to investors results from a long-term investment (seven years or longer) and the zone designation is only valid for 10 years, the most effective way to attract new private investment to our community using this program is to designate tracts where investment is anticipated within the next one to three years,” said City of Springfield Economic Development Director Sarah Kerner.

In addition to Springfield, Opportunity Zones are located in Bolivar, Branson, Butler County, Cameron, Cape Girardeau, Columbia, Dallas County, Excelsior Springs, Hannibal, Independence, Jackson County, Jefferson City, Jennings, Joplin, Kansas City, Kennett, Kirksville, Laclede County, Lafayette County, Lebanon, Maryville, Mexico, Monett, Montgomery County, Neosho, New Madrid County, Newton County, Pemiscot County, Potosi, Pulaski County, Randolph County, Ripley County, Saline County, Sikeston, Springfield, St. Joseph, St. Louis, St. Louis County, Sugar Creek, Sullivan County, Sunrise Beach, Warren County, Warrensburg, Warsaw, Wayne County, and West Plains. For a full list of Missouri’s opportunity zones, click here.

Searchable Map 

1. Enter Springfield MO in search bar on map. You can also locate a specific address.
2. The dark green and light blue areas on map are designated Opportunity Zones.