Greenville Opportunity Zones
Downtown Greenville on the historic Reedy River
Opportunity Zones are the latest hot trend in investment real estate and big dollars are starting to be poured in to these zones. They were created with the Tax Cuts and Jobs Act of 2017. Greenville, SC stands to benefit significantly from the new tax plan beyond the Opportunity Zones created. We’ll have more commentary on that as it will likely be a theme that will continue to be played out over the next 20-30 years.
The South Carolina Department of Commerce has built an excellent resource for the entire state. Be sure to check out South Carolina Opportunity Zones for maps and specific information you’ll need to help with understand what might be possible here in the palmetto state.
The Greenville Area Development Corporation (GADC) has a helpful article about how Greenville can benefit from Opportunity Zone investments and Greenville Business Magazine covered the topic earlier this year after the Opportunity Zones Summit in Columbia.
Here’s Greenville County’s Opportunity Zone information along with an FAQ from the IRS.
There are already projects in the works where we’ll see tens of millions of dollars invested in to Greenville as part of this new program.
About The Author
John Murphy
Husband of 36 years to my college sweetheart, Janet Murphy (@janetmurphydesign on Instagram). Together we have 6 wonderful children from ages 18-34 and 6 grandchildren. My main work is helping commercial building owners and real estate investors save money on their income taxes by doing cost segregation. I work all over the U.S. but have a lot of clients here in SC and in the southeast in particular. The firm I represent is CSSI, LLC. I love the work! I’ve also been a licensed REALTOR since 2003 and broker since 2007 but my work is limited to just a few clients each year. We relocated to Greenville, SC for the lifestyle, lower cost of living, amazing amenities in the area and the growth opportunity for business and real estate. We absolutely love it here!
All opinions are expressly my own and do not represent either CSSI, LLC or eXp Realty LLC or any other company, organization or group that I might be affiliated with.