Lafayette Parish Opportunity Zone Prospectus Released
Through a collaboration with several groups across Acadiana including the Lafayette Consolidated Government and One Acadiana, the prospectus is available to potential investors and the public at InvestAcadiana.org.
The prospectus is designed to attract investors and is a comprehensive document describing the potential of Lafayette’s Opportunity Zones and the area at-large. The Prospectus focuses on Opportunity Zones by way of existing characteristics, demographics and investment opportunities within the seven qualified census tracts in Lafayette Parish.
The document also outlines ideal investment projects within Lafayette’s Opportunity Zones that align with desired economic development and quality of life goals such as mixed-use developments that incorporate housing, retail, hospitality, arts and entertainment, healthcare and office space.
Opportunity Zones are low-income census tracts nominated by U.S. governors and certified by the U.S. Department of the Treasury. Lafayette Parish’s seven Opportunity Zones are located in the heart of the City of Lafayette, including the University Ave. Corridor, I-49/Evangeline Thruway Corridor, Downtown and the Oil Center.
The opportunity zones can offer benefits to investors including, temporarily deferring payment of taxes on capital gains (until Dec. 31, 2026), reducing their tax payment by up to 15% as long as the investment is held in a Qualified Opportunity Fund for seven years, and altogether eliminating taxes on gains earned through Qualified Opportunity Funds if the investment is held for at least 10 years.
For more information on the Lafayette and Acadiana prospectuses, including download of all documents, visit, www.InvestAcadiana.org.