Opportunity Zones
- Holland & Knight can assist investors, fund managers and Opportunity Zone Businesses in maximizing their participation in the Opportunity Zone program designed to encourage community development in economically distressed communities in the U.S. and its territories, including under the program's revised statutory framework and evolving compliance requirements.
- The attorneys on our Opportunity Zones Team can help you and your company navigate the Opportunity Zones framework, comply with applicable requirements and structure investments to take advantage of available incentives, including new opportunities created by recent legislation.
Overview
Holland & Knight's Opportunity Zones Team helps investors, fund managers and Opportunity Zone Businesses realize the full benefits of the Opportunity Zones program, originally enacted in 2017 and significantly revised by federal legislation signed into law on July 4, 2025, which made the program permanent and introduced important new incentives and compliance requirements.
Our attorneys have studied this program since its inception and help clients maximize Opportunity Zones benefits in designated census tracts across the United States and its territories. We also guide clients through all aspects of the zone designation process, from state and territorial nominations to U.S. Department of the Treasury certification and redesignation considerations.
We work closely with you to put together all the pieces of the Opportunity Zones puzzle. Our attorneys can assist in structuring a business to qualify for an Opportunity Zone investment, as well as ensure compliance with the complex rules regarding the program's current and emerging requirements, including updated reporting obligations for qualified participants.
Our team also helps decipher terms such as Qualified Opportunity Fund, Qualified Opportunity Zone Property and Qualified Opportunity Zone Business so our clients can focus on making the most of their investments while enjoying the full range of related tax incentives and economic benefits.
Strategic Advocacy and Guidance
Our team's deep experience and knowledge have shown us that Opportunity Zones can be combined with other incentives for investment in distressed communities. These incentives include the New Markets Tax Credit (NMTC), Low-Income Housing Tax Credit (LIHTC) and historic rehabilitation tax credit – programs with which our attorneys have extensive experience and familiarity. Holland & Knight lawyers can guide investors, fund managers and the owners of Opportunity Zones Businesses in organizing investments that meet the requirements for various incentives and align with updated Opportunity Zones structuring, timing and compliance considerations.
Holland & Knight's Opportunity Zones Team, which includes a former senior IRS executive, has extensive contacts and relationships at the IRS and Treasury Department, the federal agencies tasked with implementing guidance for the Opportunity Zones program.
We stand ready to advocate for clients and provide guidance that embodies the intent of Congress and encourages investment in underserved communities, including the full range of incentives for investors, fund managers and Opportunity Zone Businesses that support such investments.