Cumberland County Has The Space For Your Company’s Expansion or Relocation
Downtown Burkesville, including available properties around Courthouse Square and a portion of Cumberland County, fall within an Opportunity Zone. Opportunity Zones were created in 2017 when the new Tax Cuts and Job Act was implemented. They are designed to spur economic development in less-developed and under-invested communities by providing tax benefits to investors. Now is a perfect time to invest in Opportunity Zones because capital gains taxes on earnings from many types of investments can be deferred until December 31, 2026.
Burkesville-Cumberland County IDA owns the Cumberland River Industrial Park, a 93-acre parcel on the Cumberland River that is available for development within the city limits of Burkesville and the Opportunity Zone. The river frontage provides great potential for mixed-use and tourism. Site-ready certification is in the works, and businesses can buy and build to suit. Additionally, the IDA is prepared to build and lease. Contact the IDA today for more information.