North Star Opportunity Zones

“An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as Opportunity Zones if they have been nominated for that designation by the state and that nomination has been certified by the Secretary of the U.S. Treasury via his delegation of authority to the Internal Revenue Service. ” https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions

To put in other words, Opportunity Zones are federally designated areas (deemed economically depressed) that receive large tax incentives for any investment done in that area. All of the geographical area of Ferry County has been designated as an Opportunity Zone.

North Star is a non-profit resource spanning seven communities (Ferry County included) that seeks to connect investors with any developing business projects (whether startup or expansion) within these communities.

Do you have a business plan that is in need of investment? Upload your project prospectus to North Star today!