bellefontaine 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.
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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 US. 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 or 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 OOF 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.

bellefontaine, ohio statistics

.	City	County
Population	13,166	45,858
Cars on U.S. 33 Daily	17,070	23,040
Median Age	32.7	41
Median Income	$43,240	$53,051
High School Graduate	89.7%	90.3%
Bachelor's Degree +	17.1%	15.1
Median Property Value	$97,700	$127,200
Housing Units	6,151	23,343
Total Businesses	959	2,908
Available Commercial Land	.	.

Opportunity Zone
4,295
17,070
33.6
$46,707
87.6%
14%
$93,500
1,916
370
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)