City of Hollywood Opportunity Zones

Opportunity Zones Map

Hollywood has two Opportunity Zone designations:



Liberia – Oakwood Plaza – South Florida Design & Commerce Center
Liberia neighborhood between Sheridan Street and Stirling Road between FEC and Anglers Avenue, which also includes all of the South Florida Design and Commerce Center. 

Young Circle – Hollywood Boulevard - South Federal Highway
In east Hollywood, from Polk Street to Pembroke Road from Federal Highway to Dixie Highway, including Young Circle.

Opportunity Zone Map Thumbnail
View interactive Opportunity Zone Map

View Florida Opportunity Zone Available Funds

Opportunity Zone Breakdown


Opportunity Zones are census tracts designated by the federal government, where investments receive preferential tax treatment under the Tax Cuts and Jobs Act of 2017. The idea is to spur economic development and job creation in these areas by providing tax incentives. Opportunity Funds are an investment fund organized as a corporation or a partnership that invests in Opportunity Zones. These funds allow investors to defer federal taxes on capital gains until December 31, 2026. Investors can reduce their capital gains taxes by up to 15%, and if they hold the investment in the opportunity fund for 10 years investors pay no taxes on gains earned on the new investment.

The City's role in the Opportunity Zones program is to connect funding with projects, develop a database of investable projects and to leverage these projects to create new opportunities for residents and encourage upward mobility.


Opportunity Zone News and Updates
Opportunity Zone Links

For more information on Opportunity Zones, please call the

 

City of Hollywood Office of Communications, Marketing and Economic Development at 954.921.3620.