Masthead image

City of Albany Opportunity Zones

The Opportunity Zones incentive is a new community investment tool established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. Opportunity Zones provide a tax incentive for investors to re-invest their unrealized capital gains into dedicated Opportunity Funds. The City of Albany has 6 different Opportunity Zones, each with recent catalytic investments and significant investment potential. It’s an exciting time to invest in the Capital City. Strategic initiatives are building momentum citywide, since 2015 downtown alone has experienced $250 million in new investment and more than $200 million is currently in the pipeline.

Contact our office with any questions on this program or for information on additional investment opportunities in the City of Albany. 

Click here to visit the IRS.gov’s Frequently Asked Questions page for more information about the program

Click here for an interactive map of Albany’s Opportunity Zones — Please note this may not work on all devices, click here for a PDF version.