Bellefontaine Ohio Opportunity Zone

  • Located in the 11 county Columbus Region amongst rolling rural farmland, Bellefontaine Ohio is a small town full of hard working people, affordable real estate, sparkling community charm and big vision for progress. It is also a town on the cusp of sizable economic growth



    In the last decade, Bellefontaine and Logan County as a whole have seen amazing shifts, with seeds being planted for growth in the manufacturing, supply chain management, tech, transportation and medical industries.



    Local entrepreneurship has blossomed through independent investment in historic buildings downtown, creating a shopping and culinary destination for out of town visitors. In 2018, Bellefontaine was classified as an Opportunity Zone. Our once quiet town is now bustling with the energy of possibilities, and we believe our mix of available assets and forward momentum creates the perfect recipe for long term investment.



    Bellefontaine and Logan County Chamber of Commerce are actively in search of real estate developers, corporations and independent investors who are interested in creating new enterprises and opportunities within our community.




    WHAT IS AN OPPORTUNITY ZONE?
    The Opportunity Zones incentive is a community investment tool established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in lower-income communities nationwide.



    Opportunity Zones are census tracts nominated by state governors and certified by the U.S. Department of the Treasury into which investors can now put capital to work financing new real estate and business enterprises in exchange for certain federal capital gains tax advantages. Selected Opportunity Zone tracts have high need for investment as well as proven growth potential. There are 1.3 square miles within the city of Bellefontaine in Logan County, Ohio that have been designated as a Qualified Opportunity Zone. Logan County Chamber of Commerce and the City of Bellefontaine are actively recruiting new investment in our growing community. We invite you to invest, and become part of our resurgence.




    HOW DO I TAKE ADVANTAGE OF THE TAX BENEFITS?
    You can get the tax benefits, even if you don’t live, work or have a business in Bellefontaine’s Opportunity Zone. All you need to do is invest a capital gain in a Qualified Bellefontaine Opportunity Fund and elect to defer the tax on that gain.




    HOW DO I INVEST IN AN OPPORTUNITY ZONE?
    Companies and independent investors with untapped capital now have the opportunity to establish a Qualified Opportunity Fund (QOF) as an investment vehicle. A QOF can be set up as either a partnership or corporation and can be used to purchase stock of a qualified Bellefontaine opportunity zone company, interest in a partnership, or tangible property (real estate) that can be used and grown within our opportunity zone area.

    Opportunity Zone map of Bellefontaine, Ohio

    Investing in Bellefontaine’s Opportunity Zone has
    Multiple Potential Tax Benefits:
    2026 OPP FUND    DEFERRAL OF CAPITAL GAINS
    An investor in Bellefontaine’s Opportunity Zone can potentially defer capital gains taxes until 2026 by rolling their gains directly over into an Opportunity Fund.
    15%    REDUCTION OF TAX LIABILITY
    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, thereby excluding up to 15% of the original gain from taxation.
    X TAX    COMPLETE TAX EXEMPTION
    Any capital gains on subsequent investments made through a Bellefontaine Opportunity Fund accrue tax-free as long as the investor stays invested in the fund for at least 10 years.
    Opportunity Fund tax incentive information has been compiled from published IRS documentation* on the date this document was created. For complete, up to date information about how these tax incentives may benefit your unique situation, please contact your accountant and financial advisor. * www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions

    Current Investment Opportunities include: Historic Building Development, Hotel and Hospitality, Multi and Single-Family Real Estate, Manufacturing, Warehousing, Research and Development and Technology.




    BELLEFONTAINE, OHIO STATISTICS
      CITY COUNTY OPPORTUNITY ZONE
    Population 13,166 45,858 4,295
    Cars on U.S. 33 Daily 17,070 23,040 17,070
    Median Age 32.7 41 33.6
    Median Income $43,240 $53,051 $46,707
    High School Graduates 89.7% 90.3% 87.6%
    Bachelor's Degree + 17.1% 15.1% 14%
    Median Property Value $97,700 $127,200 $93,500
    Housing Units 6,151 23,343 1,916
    Total Businesses 959 2,908 370
    Available Commercial Land     approx. 55 acres
           
    Opportunity Zone Zoning: 101 acres industrial, 128 acres commercial, 394 acres residential

    Download Opportunity Zone Brochure (pdf)
    Download Opportunity Zone Available Properties (pdf)