Lauderdale County among 50 counties with new Opportunity Zone designations

Gov. Tate Reeves on Friday announced Lauderdale County is among 50 Mississippi counties to have new Opportunity Zone designations from the U.S. Treasury. In total, 102 census tracts throughout the state received the designation, which is aimed at fostering investment and economic growth. First launched in 2017, the Opportunity Zones program provides federal tax incentives to encourage private investment and development in low-income communities. Census tracts receive the Opportunity Zone designation for a period of 10 years. “Mississippi is competing for investment and winning, and we want communities in every corner of our state to share in that success,” said Gov. Reeves. “These 102 Opportunity Zones create new opportunities to attract private capital, strengthen local economies and bring more jobs and investment to areas that have tremendous potential for growth.

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