Opportunity Zones
Opportunity Zones
Opportunity Zones offer federal tax benefits on capital gains invested through a Qualified Opportunity Fund in designated low-income census tracts. Federal law made the program permanent in July 2025. A new round of designations takes effect January 1, 2027, with new rounds every ten years.
Springfield tracts
- Current Opportunity Zone tracts and report
- Tracts designated for 2027: [coming soon]
See Sites and Development Opportunities for available property and talk to us about pairing Opportunity Zone capital with TIF, HDIP and Historic Tax Credits.
Learn more
For additional Information please visit: https://www.mass.gov/opportunity-zone-program
Tax treatment depends on each investor's situation. Consult a tax advisor. Commonwealth Opportunity Zone information.
Community Development Financial Institutions (CDFI)
Talk to us
Office of Planning and Economic Development, 70 Tapley Street, Springfield, MA 01104. Free parking. Exit 4 off I-291.
Phone: (413) 787-6020. Hours: Monday to Friday, 7:00 a.m. - 4:30 p.m.
Need help in Spanish or another language, or an accommodation? Call (413) 787-6020 and we will arrange it at no cost. ¿Necesita ayuda en español? Llame al (413) 787-6020.