Opportunity Zone Overview

The Opportunity Zone Program is a new community development tool established by the U.S. Congress in the Tax Cuts and Jobs Act of 2017. This new tool is designed to drive long-term capital to low-income communities. The new law provides a federal tax incentive for investors to re-invest their capital gains into Opportunity Funds, which are specialized vehicles dedicated to investing in designated low-income areas. Governors in each state were tasked with nominating a certain number of eligible census tracts to be designated as opportunity zones. Each state could nominate up to 25% of its low-income census tracts, and had to submit their recommendations to the Secretary of the Treasury no later than March 21, 2018. The Secretary of the Treasury then certified the nominations and designated tract(s) as a qualified opportunity zone.  The Governor has finalized a list of eligible census tracts in Tennessee and the Tennessee Department of Economic and Community Development (TNECD) is managing the program. More information on the program can be found here:


Census Tracts that have been designated as Opportunity Zones in the ETDD region are:

Roane                             Claiborne               Scott                      Union
47155030600                47025970300       47151975200        47173040201

Anderson                        Loudon                  Monroe                 Cocke
47001020500                47105060202       47123925501       47029920200
47001021000                47105060600       47123925000       47029920700

Knox                                Blount                  Hamblen               Sevier
47093000100                47155080101       47009010100       47093000100
47093000800                47155080400       47009010200       47093000800                                                        47093001900                47009010302                                                                                                                    47093002400                47009010301