Opportunity Zones

Waterloo, Iowa is poised for transformative economic investment in three new Opportunity Zones!

Learn more at the
Waterloo Opportunity Zones
Mini-Conference,  June 12, 2019

Presented with the Accelerator for America and WSP

Find more information and download the WOZ Mini-Conference flier here.

An Introduction to Opportunity Zones
7:45am - 10:00am

What to expect:

  • Overview of the federal Opportunity Zone provisions for investors and designation for communities
  • Waterloo’s Opportunity Zones & Prospectus
  • Waterloo’s First Opportunity Zones Success Story
  • Special presentation - Accelerator for America, the visionaries helping cities create transformative change through Opportunity Zones
  • Why the time is now for Waterloo to unlock transformative economic potential and create lasting change in our most overlooked areas

Community Symposium Details:
Date: Wednesday, June 12th
Time: 7:45 a.m. - 10:00 a.m.
Location: Waterloo Center for the Arts
225 Commercial Street
Waterloo, IA 50701

Space is limited.

RSVP for the Community Symposium by clicking here!

Contact: Wendy.Bowman@Waterloo-IA.org  or call 319-291-4301

A 'How to' for Projects in the Zone
1:00pm -3:00pm

  • Opportunities – Developing Waterloo’s shovel ready projects
  • Funding Structure –Connecting the dollars through philanthropy, local investors & developers
  • City Policy & Practices
  • Marketing Waterloo’s Opportunity Zones for outside investment

Workshop Details:
Date: Wednesday, June 12th
Time: 1:00 p.m. - 3:00 p.m.
Location: Waterloo Center for the Arts
225 Commercial Street
Waterloo, IA 50701

Space is limited.


Contact:  Wendy.Bowman@Waterloo-IA.org  or call 319-291-4301

What Are Opportunity Zones? 

The federal Opportunity Zones program offers investors a capital gains tax reduction in exchange for investing capital gains income into designated census tracts, known as opportunity zones.  In fact, investors can defer and reduce realized capital gains on the principal invested, and even eliminate their capital gains tax burden on returns earned through the sale of investments in qualified Opportunity Zones.

The zones are comprised of U.S. Census tracts where  the poverty rate is 20 percent or greater and/or family income is less than 80 percent of the area’s median income. The governor of each state is permitted to designate 25 percent of its “low income community census tracts” (LIC) as Opportunity Zones, subject to approval from the U.S. Treasury. Iowa has 247 eligible LICs, of which a maximum of 62 can be nominated. The tracts will be in place for 10 years.

Where are Waterloo's Opportunity Zones?
Downtown Redevelopment Zones:
Two OZs are located in and around Waterloo's rapidly developing downtown.

La Porte Road Redevelopment Zone:
The third is in the LaPorte Rd.  commercial area along Highway 218.

The Waterloo Opportunity Zones Prospectus includes community data and details about each of the zones including maps and contact information.

View the Waterloo Opportunity Zones Prospectus (PDF) by clicking here