Opportunity Zones

Opportunity Zones are a community development program established by Congress in the Tax Cuts and Job Act of 2017 designed to spur economic development in less-developed and under-invested communities. The program provides a tax incentive for investors to re-invest their unrealized capital gains into Opportunity Funds that are dedicated to investing into Opportunity Zones designated by the chief executives of every U.S. state and territory. Now is a perfect time to invest in Opportunity Zones because capital gains taxes on earnings from many types of investments can be deferred until December 31, 2026.
 
Opportunity Zones in Sherman, Texas:
Census Tracts 48181000902 & 48181002000

For business opportunities within our Opportunity Zones, please contact the City of Sherman at 903-892-7206.

Category: State

More State

Skills Development Fund

Texas Skills Development Fund is an innovative program created to assist Texas public community and technical colleges finance customized job training for their local businesses. Grants are available through Workforce Solutions Texoma with training provided by the Center for Workplace Learning at Grayson College. The...
Learn More

Texas Enterprise Fund

Texas Enterprise Fund (TEF) is the largest “deal-closing” fund of its kind in the nation. The fund is used as a performance-based financial incentive tool for projects that offer significant projected job creation and capital investment and where a single Texas site is competing with...
Learn More

Texas Enterprise Zone

Texas Enterprise Zone is an economic development tool for local communities to partner with the State of Texas to promote job creation and significant private investment that will assist economically distressed areas of the state. The program provides reimbursement of state sales and use tax...
Learn More