Taxpayer savings surge to $620 million in Ohio opportunity zone investments

Taxpayers have saved more than $620 million from income tax since 2019 by reinvesting capital gains into Ohio opportunity zones. Opportunity zones are a bipartisan-sponsored federal tax incentive designed to encourage investment in distressed neighborhoods. Many Central Ohio entrepreneurs have started new business ventures in opportunity zones because these federal and state income tax benefits, coupled with other federal and local programs designed to support private investment into opportunity…