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City of Bethlehem Opportunity Zone Overview

On December 22, 2017, the Tax Cuts and Jobs Act (TCJA) created Qualified Opportunity Zones, a tool for promoting long-term investment in low-income communities.  An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Opportunity Zones are designed to spur economic development by providing tax benefits to investors.  The federal tax bill passed at the end of December 2017 enables the governor to designate certain census tracts as Opportunity Zones. Investments made by individuals through special funds in these zones would be allowed to defer or eliminate federal taxes on capital gains. There are nearly 1,200 eligible census tracts and the governor designated 300 tracts based on economic data, recommendations from local partners, and the likelihood of private-sector investment in those tracts.

Refer to the FAQ page for more details

Federal Resources

Tax Cut and Jobs Act - OZ Legislation

CDFI OZ Web Site

CDFI list of eligible tracts by State

Proposed Rules for Investing in Qualified Opportunity Funds

State Resources

PA OZ Web Site

List of eligible tracts by County

PA OZ interactive map

3rd Party Resources

CDFA OZ Overview

Bethlehem Opportunity Zone Map

 

Bethlehem Overview

Bethlehem is a city in eastern Pennsylvania, United States. It lies in Northampton and Lehigh counties. Bethlehem borders with the cities of Allentown and Easton and is part of the greater Lehigh Valley community. It has a population of 74,982, according to the 2010 United States Census.

$40 Billion

GDP in Lehigh Valley

75,000

Population

 

CONTACT US

10 East Church St. Bethlehem, PA 18018

Phone: (610) 865-7085 |  econdev@bethlehem-pa.gov

 
Pi: Partnership for Innovation

Pi is an affordable collaborative office space located on the 2nd floor of a 1911 silk blouse factory in the heart of the Bethlehem's artistic and tech-savvy Southside. There are shared facilities and private, secure office suites ranging from 114 to 2,000 square feet. The building’s industrial feel is retained in wood floors, brick walls and loft-style ceilings. Pi is located in the Southside Bethlehem Keystone Innovation Zone, affording tenants substantial tax advantages, as well as qualify

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