Opportunity Zones

Opportunity Zones were enacted into federal law through the Tax Cuts and Jobs Act of 2017 to spur private investment in distressed communities across the United States. The program provides a federal tax incentive for investors, who invest in real estate projects and operating businesses located in designated low-income communities through deferral and partial tax reductions of reinvested capital gains, and forgiveness of tax on new capital gains.

Westmoreland County is committed to taking full advantage of Opportunity Zones and is proactively working with investors, developers, businesses, communities, and other stakeholders to provide information and coordination assistance. 

Designated Tracts in Westmoreland County

FIPS
Tract ID
County
Municipality(s)
42129800100
8001WestmorelandArnold
42129800700
8007
WestmorelandNew Kensington
421298028008028Westmoreland
Jeannette and Penn
42129803600
8036
Westmoreland
Hempfield Twp; Adamsburg

To see a specific site or building located in a Westmoreland County Opportunity Zone, click here

These resources provide additional information:
PA Department of Community & Economic Development
Webinar: Investing in Opportunity Act
Qualified Opportunity Zones Investment FAQs

Westmoreland Development Council
Fifth Floor, Suite 520
40 N Pennsylvania Ave
Greensburg, PA 15601
Ph: (724) 830-3061
Fx: (724) 830-3611