The Michigan State Housing Development Authority (MSHDA) and the Michigan Economic Development Corporation (MEDC) have partnered to launch a new website that provides information on Michigan’s Opportunity Zones (OZs) and corresponding tax incentives.

OZs, which are designed to increase long-term investments in low-income communities around the country to stoke business growth in those areas, were created in 2017 as part of the U.S. Tax Cuts and Jobs Act. There are currently 288 OZ census tracts across Michigan.

Through OZs, taxpayers can get capital gains tax deferrals for investing in