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Maryland Opportunity Zone Leadership Task Force

The Opportunity Zone program is a nationwide initiative ​administered by the U.S. Treasury created under the 2017 Tax Cuts and Job​s Act. The program provides federal tax incentives for investment in distressed communities over the next 10 years. Areas designated as Opportunity Zones will be able to reap the benefits of capital gains to help redevelop underserved communities.

In January 2019, Governor Hogan signed Executive Order 01.01.2019.01, establishing the Maryland Opportunity Zone Leadership Task Force. The task force, chaired by Lt. Governor Rutherford, will host regional summits throughout the state for local stakeholders to share information and discuss possibilities for Opportunity Zones. The task force will develop a State Opportunity Plan to align Opportunity Zone goals with state economic and cultural priorities, which will include partnering with local governments to effectively leverage local assets to fast-track investment and development.

In addition, the Maryland Department of Housing and Community Development has created the Maryland Opportunity Zone Information Exchange, an online resource designed to attract capital to projects and businesses. This is the first comprehensive, interactive resource of its kind in the nation. The Exchange will serve as a virtual meeting place for investors, fund managers, property developers, new or expanding businesses, and local stakeholders. Open to the public, anyone can search and find the latest on Maryland’s Opportunity Zones through the Information Exchange.

Click here for a list of task force members. To receive email updates from the commission, request here.

 

Task Force Meetings:

Task Force Kick Off Meeting
February 22, 2019, Annapolis, MD
Agenda | Minutes | PowerPoint

Eastern Shore Regional Summit
March 14, 2019, Salisbury, MD
AgendaMinutes | PowerPoint

Southern Maryland Regional Summit
April 24, 2019, Indian Head, MD
Agenda | Minutes | PowerPoint

Baltimore City Regional Summit
May 23, 2019, Baltimore, MD
Agenda | Minutes | PowerPoint

Cecil, Harford, & Carroll Counties Regional Summit
June 5, 2019, Havre de Grace, MD
Agenda | Minutes

Western Maryland Regional Summit
July 10, 2019, Frostburg, MD
Agenda **

Prince George’s County Regional Summit
August 7, 2019, Largo, MD **

**More information to follow

Page Updated 8/8/2019