HomeOpportunity Zones

What are Opportunity Zones?

Opportunity Zones were created under the Tax Cuts and Jobs Act of 2017 as an economic development tool that allows people to invest in distressed areas in the United States. Their purpose is to spur economic growth and job creation in low-income communities while providing tax benefits to investors. Downtown Fargo is a designated Opportunity Zone.
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How can I participate?


Start or move your business into a qualified Opportunity Zone, like downtown Fargo, and you could be eligible for a significant reduction or even elimination of federal capital gains tax liabilities upon sale. Interested in learning more? Call us at 701-409-1660 or contact your tax professional. Kilbourne Group has a variety of buildings and spaces in downtown Fargo for sale or lease.

Real Estate

Qualified Opportunity Zone funds can provide tax advantages. By investing capital gains into a qualified opportunity fund, investors can defer and reduce capital gains, diversify their portfolio and jumpstart economic growth and business activity in distressed communities. Investors looking to maximize their return on investment may reap some extra benefits with year-end investments in Opportunity Zones. Learn more about Kilbourne’s Great Plains Opportunity Zone Fund II.

Learn more about Kilbourne’s Great Plains Opportunity Zone Fund II.
Interested in learning more? Fill out the contact form below and a member of the KCR team will be in touch.

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