Opportunity Zones

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A newly created tax incentive program established by the Trump administration in Fall 2017 called The Tax Cuts and Jobs Act of 2017 (TCJA) offers substantial tax breaks to business and real estate investors who are willing to make long-term investments in low-income disadvantaged communities across the country referred to as Qualified Opportunity Zones (QOZ).

One of the most thriving trades in the New Jersey-New York Metropolitan area is the food industry. The area is home to over 20.3 million people, nearly 7 million more than the second place Los Angeles metropolitan area in the United States. It has a GDP of over $1.735 trillion, $73,133 GDP per capita and an area of over 13,318 square miles. That is a lot of mouths to feed each day. Due to such density, there is an incredible demand for space to store the food.