Lackawanna County, Pennsylvania, offers many opportunities to invest and grow your business and real estate portfolio. The Federal Opportunity Zone program offers incentives for sites located within the City of Scranton and surrounding areas.
The Federal Opportunity Zone is a program launched as a component of the Federal Tax Cuts and Jobs Act issued through the U.S. Treasury. Designated zones are designed to spur economic development by providing tax benefits to investors. A Qualified Opportunity Fund is an investment vehicle that is set up as either a partnership or corporation for investing in eligible property that is in a Qualified Opportunity Zone.
Federal Opportunity Zone FAQ's
Lackawanna County Opportunity Zones
If you are interested in finding more information about the opportunities and sites within the approved Federal Opportunity Zone, The Scranton Plan is your one-stop resource. Our economic development team has an inventory of available buildings and land sites within the approved zones. Our team stands ready to assist you with all services needed to invest, locate and expand in Greater Scranton. Contact us today to learn more about our Federal Opportunity Zone opportunities.