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Torrington's Opportunity Zones

Map of Torrington's Opportunity Zone

Torrington has 1 of 72 “Opportunity Zones” in Connecticut that were created to attract private investment to improve economic growth, community wealth, business development, housing opportunities and infrastructure while creating significant jobs in the most challenged but promising areas of Connecticut. SOURCE: website - CT.Gov/DECD

Opportunity Zones provide substantial tax benefits to investors who invest in “opportunity funds.” The opportunity fund model encourages investors to pool their resources, increasing the scale of investments being made in historically underserved areas. These funds may invest equity into  businesses, real estate or infrastructure. Capital gains invested via an opportunity fund as equity in qualified projects or businesses will defer capital gains taxes on the initial gains invested and will be exempt from capital gains on the investment in the Opportunity Zone Fund.  SOURCE: website - CT.Gov/DECD

Click Here for a detailed map of Torrington's Opportuntiy Zone

For information regarding specific properties in Torrington's Opportunity Zone click here   or contact Rista Malanca at 860-496-5953 or Rista_Malanca@torringtonct.org

For more information regaridng Opportunity Zones visit the State of CT Department of Economic and Community Development website here