Opportunity Zones

About Opportunity Zones

Opportunity Zone tax benefits, established in the 2017 Tax Cuts and Jobs Act, include three levels of tax incentives for investing in certain low-moderate income Rochester neighborhoods through a Qualified Opportunity Fund. For detailed information about the incentive , please click here for a  summary  

The City of Rochester and Rochester Economic Development Corporation (REDCO) has published an Opportunity Zones Investment Prospectus which includes an overview of the tax incentive, reasons why Rochester is a great location for investment, and details on specific sites and projects within Opportunity Zones. Please click here to download the Prospectus PDF

OZ Segments Citywide

Opportunity Zones Investment Summit- October 8th

The City of Rochester is hosting an Opportunity Zones Investment Summit with local and national developers and investors. The event will take place October 8th from 1:00-4:00pm at the Rochester Riverside Convention Center. 

At the Summit event on October 8th, you will hear from:

  • Mayor Warren, on why Rochester is uniquely positioned for growth and the types of development we are hoping to promote
  • Local experts, who have set up Qualified Opportunity Funds
  • Our team, about specific development sites and buildings within Opportunity Zones that are primed for development
  • Our team and partners, about loans and financing options available to pair with Qualified Opportunity Funds
  • Our team, about a new set of financing resources targeting our neighborhood commercial corridors

We are also offering exclusive networking opportunities:

  • Reception the evening of October 8th at Rohrbachs Brewery highlighting offerings from our booming craft brewing industry
  • Golf outing hosted by Mayor Warren the morning of October 9th at Ridgemont Country Club (Please note: this event is not free)
  • Tours of Opportunity Zone development sites and buildings the morning of October 9th

Please RSVP for the event at the following link: https://tinyurl.com/y5gontu6

Development Resources

  • Let us work with you to find the right site for your development project. Take a tour of Rochester's potential project sites or jump to specific site information by using the Development-Ready Sites in Rochester page. Click here for Development-Ready Sites in Rochester

 Screenshot of Development Ready Sites

  • The City welcomes new development, new investment, and building better communities. Development Considerations includes things to consider early in the development process to help create a successful project. 

Click here for Development Considerations

  • Check out the Developer Guidance Handbook. This handbook outlines the philosophy, vision, regulations, and procedures related to development with the City of Rochester. 

 Click here for the Developer Guidance Handbook

Contact Information

For more information, please email:  OpportunityZones@Cityofrochester.gov