Over the past few months, we’ve been discussing Lee County’s Opportunity Zones. They aim to improve life for residents—and the local economy too. Now, we bet you’re probably wondering where you can find them! Look no further: we have the answer here.
What are Lee County’s Opportunity Zones?
It’s time for a refresher! We’re all due for a little reminder about just what Opportunity Zones are! Americans across the country can benefit from having a local Opportunity Zone in their area.
In fact, towns that have room to grow economically can enjoy a little—or big—boost from the establishment of an Opportunity Zone. They operate with the help of government regulations and approval, specifically Congress’ Tax Cuts and Jobs Act of 2017.
Plus, they help build up the local economy, bringing in new jobs to the area. Those jobs can mean construction, supplying, and all kinds of careers once the Opportunity Zone has been fully built.
Want the short answer? Opportunity Zones make it easy for private sector investments to form and grow, which will improve the local economy.
Where can you find Lee County’s Opportunity Zones?
Some of Lee County’s Opportunity Zones are still works in progress. Others are up and running! So, if you ever want to drive by and see that progress or finished product for yourself, you can find the local Opportunity Zones at:
- Auburn University;
- Right at East Samford Avenue and South Dean Road;
- Logan Square Apartments at 733 West Glenn Avenue;
- Grand National Golf Course at 3000 Robert Trent Jones Trail;
- Hi Pack Business Park by the Auburn University Regional Airport and East Glenn Avenue;
- A section of land located southwest to Auburn University by Cox Road;
- Alta Vista by 2nd Avenue and Waverly Parkway.
Alabama is home to a grand total of 158 Opportunity Zones. Among them, you’ll find Lee County’s seven Opportunity Zones. So, what does that mean for us? Well, for one thing, it means that our economy has room to grow. It also means that more and more jobs will become available. And finally—it means that it’s a great time to move to Lee County!
If you’re thinking of buying, selling, or both in the Auburn, Opelika, or Lake Martin area, Ryan Roberts has the expertise to help you succeed. Fill out our contact form to begin. As for learning more about local news and real estate tips, check out our blog too.