CCIDA

CCIDA facilitates development by attracting new businesses, while promoting the retention and expansion of existing businesses.

201 West Third Street, Suite 115
Jamestown, NY 14701
Tel: 716-661-8900
Email: ccida@ccida.com

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Designated Qualified Opportunity Zones

An Opportunity Zone is a low-income census tract with an individual poverty rate of at least 20 percent and median family income no greater than 80 percent of the area median.  Below are links to maps that depict the Designated Qualified Opportunity Zones in Chautauqua County.

Opportunity Zone Program (OZ) Tax Incentives*:

Temporary Deferral:  an investor can defer capital gains taxes until the end of 2026 by rolling their gains directly over into an Opportunity Fund.

Step-Up in Basis:  the deferred capital gains liability is effectively reduced by 10% if the investment in the Opportunity Fund is held for 5 years and another 5% if held for 7 years.

Permanent Exclusion:  any capital gains on subsequent investments made through an Opportunity Fund accrue tax-free as long as the investor stays invested in the fund for at least 10 years

* Please consult your accountant or tax professional for further tax implications.

Chautauqua County Maps:

Dunkirk / Fredonia Zone

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Downtown Jamestown Zone

dtjt_zone_snip

Greater Jamestown Zone

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Helpful Links:

US Department of the Treasury-Community Development Financial Institutions Fund

New York State-Empire State Development-Opportunity Zone Program

CCIDA Mission and Goals

The CCIDA is an economic development organization authorized and empowered by the State of New York to make Chautauqua County a better place to work, live, and visit. We facilitate development by attracting new businesses, while promoting the retention and expansion of existing businesses. Assistance in the forms of incentives – tax abatements, low interest loans, and bond financing – enhances the opportunities for job creation and retention by our businesses. Business … Learn More

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CONNECT WITH US

South County Address
201 West Third Street, Suite 115
Jamestown, NY 14701

P: 716-661-8900


North County Address
214 Central Avenue, Suite 144
Dunkirk, NY 14048

P: 716-661-8900

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  • Manufacturers Productivity Improvement Program
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