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Opportunity Zones

Are You Looking to Maximize Your Return on Investment in a Business and/or Property Located in the City of Wichita?

Is Your Business or Property Located in a Qualified Opportunity Zone?

If so, there can be significant tax savings realized for investors with access to capital gains who are focused on business ownership and/or long-term real property ownership within one of the City of Wichita’s 5 Qualified Opportunity Zones!

If you or your investors have capital gains dollars available to deploy within one of Wichita’s Opportunity Zones, through the utilization of a Qualified Opportunity Fund (QOF), business and real estate investors can realize the following tax benefits:

  • Temporary deferral of taxes on previously earned capital gains. Opportunity Zone Investors can place existing assets with accumulated capital gains into Qualified Opportunity Funds. Those existing capital gains are not taxed until (at the earliest) the end of 2026 or when the asset is disposed of.
  • Basis step-up of previously earned capital gains invested. For capital gains placed in Qualified Opportunity Funds for at least 5 years, investors’ basis on the original investment increases by 10 percent. If invested for at least 7 years, investors’ basis on the original investment increases by 15 percent.
  • Permanent exclusion of taxable income on new gains. For investments held for at least 10 years, investors pay no taxes on any capital gains produced through their investment in Qualified Opportunity Funds.

Where are the Opportunity Zones located within the City of Wichita?​

There are 9 census tracts that make up the 5 Opportunity Zones within the City of Wichita.

  1. Downtown Wichita
    • Census Tract 43
    • Zone Highlights: Downtown & Arkansas River (East and West Banks)
  2. South Wichita
    • Census Tract 26 and Census Tract 32
    • Zone Highlights: South Broadway Corridor
  3. South East Wichita
    • Census Tract 38, Census Tract 63 and Census Tract 37
    • Zone Highlights: Clapp Park Golf Course
  1. North East Wichita
    • Census Tract 9 and Census Tract 11
    • Zone Highlights: Wichita State University
  2. North Wichita
    • Census Tract 4
    • Zone Highlights: McAdams District

Opportunity Zone Investment Database

Do you have a business and/or property located within a City of Wichita Opportunity Zone that you are seeking additional investment for?

Would you like that business and/or property to be listed in the City of Wichita's Opportunity Zone Investment Database?

Fill out the OZ Project Form

Establishing a Qualified Opportunity Fund

Are you interested in establishing a Qualified Opportunity Fund?

Fill out the Interest Form

Qualified Opportunity Fund Investment Opportunities

Time is of the essence for investors to fully take advantage of Opportunity Zone tax incentives!

Do you have a Qualified Opportunity Fund and would like to invest in one of our Featured Opportunity Zone Projects located in the City of Wichita?

Fill out the Project Investment Interest Form

Take a virtual tour through each of the City of Wichita's Opportunity Zones!

Begin the tour

Featured City of Wichita Opportunity Zone Investment Opportunities!

(Click on an image for more information)