The OZ Program allows individual investors to place capital gains in Qualified OZ Funds. In exchange for their investment, the individual receives certain federal capital gains tax advantages including a deferment of capital gains taxes and the elimination of taxes on returns from any OZ Fund investment held for at least ten years. The Qualified OZ Fund uses investors’ capital as an economic development tool to support and grow OZ Projects which can rejuvenate local economies; create jobs within the boundaries of economically-distressed communities designated as OZs; and drive additional economic development in the area. The OZ designation may create a lasting positive effect in some of our highest-need areas by helping bring new capital investment and more jobs to distressed communities. When we empower economic development activities in distressed areas we are providing the groundwork to produce a more reliable and functioning community.