OPPORTUNITY ZONE PROSPECTUS
The Opportunity Zones incentive is a new community investment tool established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. Opportunity Zones provide a tax incentive for investors to re-invest their unrealized capital gains into dedicated Opportunity Funds. View the Rio Opportunity Zone Prospectus
Unleashing value while preserving history is the theme of the Rio Community Redevelopment Area Plan. Due to its waterfront location, and mix of property types and uses, Rio has the potential to take its place as one of the many desirable places to live in Martin County.
Investment in sewer, water and roadway improvements are helping create a town center for this historic community. The Rio Community Redevelopment Plan was adopted in 2000 and revised in 2009.
The Rio Neighborhood Advisory Committee (NAC) meets regularly at the Rio Civic Center on Dixie Highway and provides advice and recommendations to the Community Redevelopment Agency regarding the implementation of projects adopted within the Rio Community Redevelopment Plan.