Opportunity Zones offer tax breaks to investors who help finance long-term development projects and/or improvements in low-income census tracts selected by the governor of each state. Opportunity CLE represents a collaboration of six regional stakeholders focused on promoting and supporting transformational investment in Cuyahoga County's 64 Opportunity Zone census tracts.
Partners include the Greater Cleveland Partnership and real estate development affiliate Cleveland Development Advisors, the City of Cleveland, Cuyahoga County, Fund for Our Economic Future, and Cuyahoga Land Bank, as well as philanthropic involvement from the Cleveland Foundation and George Gund Foundation.
The collaborative’s website and online portal – OpportunityCLE.com – provides a platform for project developers in federally-designated Opportunity Zones to connect with potential investors, and for investors to learn more about investment opportunities. In 2019, The Opportunity CLE initiative was designated as one of the top 20 such efforts in the nation.
Opportunity CLE partners also provide additional support and resources for interested parties seeking assistance with the Opportunity Zone initiative, which offers tax breaks to investors who help finance long-term development projects/improvements in areas where traditional development financing can be challenging.
Contact us to learn more about Opportunity CLE or explore opportunities.