Business Opportunities and Opportunity Zones
With the City of Taylor being the heart of the Downriver community, we have leverage for companies by having access to four different highways. These include I-75, I-94, Southfield Freeway, and US Highway 24 (Telegraph Road) all of which can broaden business strategy on logistics. As an interested partner in business, we provide parcel information in order to share our knowledge of a current property you are looking at or give you an idea of what sort of property you would be interested in. The information we can provide you via email would be land acreage, zoning, wetland areas, and more.
We strive to communicate to the best of our abilities with those wanting to participate in development. We do this by either setting up meetings, emailing, calling, and even texting. If you need immediate assistance please email or call (734) 552-0064.
Opportunity Zones were created by Congress in the Tax Cuts and Jobs Act of 2017 to promote economic growth and community development. The way an Opportunity Zone works is that businesses within one of these zones are incentivized to reinvest part of their unrealized capital gains back into the community through an Opportunity Fund.
Question (Q). What is an Opportunity Zone?
Q. How were Opportunity Zones created?
Q. Have Opportunity Zones been around a long time?
Q. What is the purpose of Opportunity Zones?
Q. How do Opportunity Zones spur economic development?
Q. What is a Qualified Opportunity Fund?
Q. Do I need to live in an Opportunity Zone to take advantage of the tax benefits?
Q. I am interested in knowing where the Opportunity Zones are located. Is there a list of Opportunity Zones available?
Q: What do the numbers mean on the Qualified Opportunity Zones list, Notice 2018-48?
Q: How can I find the census tract number for a specific address?
Q. I am interested in forming a Qualified Opportunity Fund. Is there a list of Opportunity Zones available in which the Fund can invest?
Q. How does a corporation or partnership become certified as a Qualified Opportunity Fund?
Q: Can a limited liability company (LLC) be an Opportunity Fund?
Q. I sold some stock for a gain in 2018, and, during the 180-day period beginning on the date of the sale, I invested the amount of the gain in a Qualified Opportunity Fund. Can I defer paying tax on that gain?
We Want to Hear From You
If there is something you would like to see or shop at in Taylor, please let us know! We want to make our city a destination for you to live, shop, play, and buy local. Giving us suggestions of stores to attract or entertainment to consider is the type of feedback the Economic Development department wants from our residents. Also, contact us if your establishment is not located in our directory so we can insert it for you.