SNOHOMISH COUNTY OPPORTUNITY ZONES

advocate • develop • connect

program benefits investment types Defer/reduce federal tax on current capital gains and elimination of taxes on future capital gains for investments held for ten years in designated »» Real Estate Development and Renovation Opportunity Zones. Program has five, seven and ten year holding periods. »» Operating Businesses »» “Sin Businesses” Excluded snohomish county opportunity zones Examples: Country Club, Massage/Tanning/Hot Tub Facility, Gambling or Liquor Sales Lynnwood City Center — US Census Tract 53061051400 Snohomish County/Paine Field — US Census Tract 53061041901 Everett North — US Census Tracts 53061040200, 53061040700 current program duration Marysville North — US Census Tract 53061052803 Arlington Airport — US Census Tract 53061053509 2018 - 2026 Darrington — US Census Tract 53061053700

>> See map on the back history funds flow Authorized by the Federal Tax Cuts and Jobs Act; December 22, 2017. Program is designed to provide tax incentives Qualified to investors who fund businesses in Taxpayer Opportunity Project under-served communities. Fund

NOTE: At this time, there is no Fund in Snohomish County. learn more

»» FAQ for Opportunity Zones may be used with other federal programs »» IRS Regulations »» Low Income Housing Tax Credit »» New Market Tax Credit »» Historic Tax Credit NORTH BROADWAY City of Everett Opportunity Zone Tract No. 402

Legion Golf Course

Riverside Business Park <— (Port of Everett)

Everett CC

WSU Everett

Everett Housing Authority <— Providence & <— Surplus property Children’s Hospitals DOWNTOWN City of Everett Opportunity Zone Tract No. 407

<—Navy & Port

Funko Arena Museums Kaiser Civic

Everett Station 2036 light rail—>

Riverfront

190 TH

Broadway Riverfront 1,200 APT

41st

Riverfront 235 SF 7

SNOHOMISH COUNTY OPPORTUNITY ZONES 6 1 Lynnwood City Center

2 Snohomish County/Paine Field 5

3/4 Everett North

5 Marysville North

6 Arlington Airport

7 Darrington 4

3

2

1

Seattle - 15 Miles

For additional information please contact Economic Alliance Snohomish County:

Matt Smith Andrew Vuong Director, Industry & Resource Development Director, Strategy & Industry Diversification [email protected] [email protected] (P) 425.248.4219 (P) 425.248.4225 advocate • develop • connect