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Home | Finance & Incentives | Tax Incentives | Opportunity Zones Incentive | Funds

What are Opportunity Funds?

Opportunity Funds are a new class of private sector investment vehicles authorized to aggregate and deploy private investment into Opportunity Zones.

Opportunity Funds allow U.S. investors holding unrealized gains in stocks and mutual funds to pool their resources in projects located in Opportunity Zones, which will be invested in rebuilding low-income communities.

Opportunity Funds pool investments in Opportunity Zones.

U.S. investors are eligible to receive:
  • A temporary tax deferral for capital gains invested in an Opportunity Fund.
  • A step-up in basis for capital gains reinvested in an Opportunity Fund.
  • A permanent exclusion from taxable income of capital gains from the sale or exchange of an investment in a qualified opportunity zone fund if the investment is held for at least 10 years.
If you are interested in being a potential investor or opportunity fund manager, please contact John Schneider, Director of Economic Development and Finance, North Dakota Department of Commerce. 701-328-5300
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