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Opportunity Zone Information Meeting March 4, 2019

March 05, 2019

The Cayuga Economic Development Agency, in partnership with the City of Auburn, hosted an informational workshop about the new federal Opportunity Zones program on Monday, March 4, from 10:00 a.m. to noon at Auburn City Hall. The program is an economic development tool designed to spur long-term, private capital investment in distressed areas by providing tax benefits to investors. In Cayuga County, the northwest quadrant of the City of Auburn is a Qualified Opportunity Zone.

This new federal program provides tax incentives for those who invest their capital gains as equity for businesses or real estate projects within a designated zone. They receive an immediate tax break, and can eliminate tax on future capital gains, if they make a long-term investment.


For more information contact:

Tracy Verrier

Executive Director

Cayuga Economic Development Agency, Cayuga County Chamber of Commerce

CEDA phone: (315) 252-3500 email: tverrier@cayugaeda.org


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00:00:02Opportunity Zone Information Meeting March 4, 2019

The Cayuga Economic Development Agency, in partnership with the City of Auburn, hosted an informational workshop about the new federal Opportunity Zones program on Monday, March 4, from 10:00 a.m. to noon at Auburn City Hall. The program is an economic development tool designed to spur long-term, private capital investment in distressed areas by providing tax benefits to investors. In Cayuga County, the northwest quadrant of the City of Auburn is a Qualified Opportunity Zone.

This new federal program provides tax incentives for those who invest their capital gains as equity for businesses or real estate projects within a designated zone. They receive an immediate tax break, and can eliminate tax on future capital gains, if they make a long-term investment.


For more information contact:

Tracy Verrier

Executive Director

Cayuga Economic Development Agency, Cayuga County Chamber of Commerce

CEDA phone: (315) 252-3500 email: tverrier@cayugaeda.org

Presentation Slides March 4, 2019 Opportunity Zones
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Presentation Slides March 4, 2019 Opportunity Zones

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