Community Partners
Opportunity Zones drive dollars in long-term investments into low-income urban and rural areas.
Investors
Gain the benefits of investing in an Opportunity Zone in Nashua.
Developers
Build projects that serve communities and enhance people’s wellbeing.
What is an Opportunity Zone?
An Opportunity Zone is a designation some lower income communities receive by the federal government to help attract or entice capital. The idea is to spur long-term private sector investment into low-income communities.
The purpose of this program is to specifically channel more equity capital investment into overlooked markets.
Benefits of the Opportunity Zone Incentive
- Taxpayers can get a capital gains tax deferral (and in some instances forgiveness) for making timely investments into a qualified opportunity zone property.
- Defer the payment of your capital gains until December 31, 2026.
- Reduce the tax you owe by up to 15% after 7 years.
- Pay zero tax on gains earned from the Opportunity Zone.
Types of Property that Qualify
- Commercial Real Estate – Development & Renovation
- Opening New Businesses
- Expansion of Existing Businesses into an Opportunity Zone
- Large Expansions of Businesses Already in Opportunity Zone
Why Invest
in Nashua?
- Approximately 50% of our labor market has a bachelor degree or higher and live within a 20 mile radius.
- Diverse group of industries such as professional Services, retail, advanced manufacturing, healthcare, information technology and aero-defense attracting a diverse group of talents.
- Plenty of opportunities to live a well-balanced life with lots of amenities for indoor and outdoor activities. Mountains to the north and ocean to the east all within an hour.
- A great place for housing if you want to work in Massachusetts and get the benefit of New Hampshire.
About Nashua
In December 2018 Money Magazine named Nashua the best place to live in New Hampshire—the only community in the state making the list more than once.
Nashua is a charming city home to beautiful parks, a vibrant downtown business and restaurant scene, a revitalized Millyard, up and coming businesses, and some of the best scenery New England has to offer.
With no sales or income tax, easy highway access, and only an hour north of Boston, Nashua is the ideal investment opportunity for you.
Identified Projects
249-251 Main Street
Investment in a New Construction
80,000 Square Feet Medical Office Building
Data mapped by PolicyMap, an online GIS mapping tool.
Opportunity Zone FAQs
How Do Opportunity Zones Spur Economic Development?
Opportunity zones are designed to spur economic development by providing tax benefits to investors. First, investors can defer tax on any prior gains invested in a Qualified Opportunity Fund (QOF) until the earlier of the date on which the investment in a QOF is sold or exchanged, or December 31, 2026. If the QOF investment is held for longer than 5 years, there is a 10% exclusion of the deferred gain. If held for more than 7 years, the 10% becomes 15%. Second, if the investor holds the investment in the Opportunity Fund for at least ten years, the investor is eligible for an increase in basis of the QOF investment equal to its fair market value on the date that the QOF investment is sold or exchanged.
For more information, please visit the IRS Website regarding Opportunity Zone FAQs
Do I Need to Live in an Opportunity Zone in Order to take Advantage of the Tax Benefits?
No. You can get the tax benefits, even if you don’t live, work or have a business in an opportunity zone. All you need to do is invest a recognized gain in a Qualified Opportunity Fund and elect to defer the tax on that gain.
For more information, please visit the IRS Website regarding Opportunity Zone FAQs
How Do I Elect to Defer My Gain on the 2019 Sale of the Stock?
You may make an election to defer the gain, in whole or in part, when filing your 2018 Federal Income Tax return. That is, you may make the election on the return on which the tax on that gain would be due if you do not defer it. For additional information, see How To Report an Election To Defer Tax on Eligible Gain Invested in a QO Fund in the Form 8949 instructions.
