Newton County
Opportunity Zone (OZ)
Kentland, IN (Census Tract: 18111100700)
About "The OZ"
The Tax Cuts and Jobs Act of 2017 Enables tax incentivized investment of realized capital gains, into designated Opportunity Zones.
The Opportunity Zone program is designed to spur community investment by providing tax benefits to investors who hold their investment between 5-10 years.
Federal Tax Advantages
Up to Five Years
Deferred payment of invested capital gains until the date the Opportunity Fund investment is sold or exchanged.
Five Years
Invested capital gains & liability payment deferral is reduced by 10%.
Ten Years
Deferred payment and 15% reduction in liability of invested capital gains, accrued capital gains generated from the Opportunity fund investment are 100% tax exempt.
Inquiries
Projects
PROJECT 1:
Thrive Inter-Generational Wellness Campus
Thrive Intergenerational Wellness Campus is our bold step forward in enriching the lives of our residents and the county through sensory experiences. This estimated 4.5 million dollar investment would be a three-phase project consisting of a Senior Living Facility, a Childcare Center and Wellness Complex.
Creating an intergenerational campus is all about bringing people together. Thrive would enhance the town’s nearby assets, including the pool, basketball courts, ball diamonds and community center. Its program of activities would be located on a single property with a shared green space that would allow for natural interactions throughout the day between children and seniors. Seniors would have easy access to our grocery store, pharmacy, restaurants and shops. Additionally, Thrive would include a Wellness Center. This means a licensed, on-campus, nurse practitioner would be available during regular business hours. All care received in the Wellness Center would be nurse-directed and based on physician-approved clinical protocols. To make communication as fast and simple as possible, all physicians could be reached through a tele-health system. Altogether, the project could generate upward to 30 new jobs within the community.
PROJECT 2:
Business Development
We’re Placing an Emphasis on Six Industries.
We want to see new companies plant themselves in our soil. In our conversations with residents and among our Task Force, we were able to identify six key areas of industry that Kentland is perfectly poised to meet the needs of: Warehousing, Logistics, Solar Energy, Agribusiness, Real Estate and Manufacturing. To complement these traditional opportunities, we are looking to support and develop small business and creative start-up businesses. For more information, please give our Opportunity Zone Task Force Director, Mike Davis, a call.
Warehousing
Logistics
Solar Energy
Agribusiness
Real Estate
Manufacturing
OZ Highlights
Opportunity Zone Highlights
20 Years
The population within the OZ has hovered around 2,400 people for more than two decades
1,748 People
As the County Seat, the Town of Kentland’s population is 1,748 people
1,120 jobs
The Total Employment in Kentland as of 2017
17%
Employed in Manufacturing
17%
Employed in Trades, Transportation, & Utilities
8%
Employed in Agriculture
44%
Of adults 25+ years old have some college, associate’s bachelor’s degrees or more
County Highlights
Newton County
Highlights
Small Town Population
14,011 residents in 2018
Active Workforce
Labor participation rate of 86% in 2017
Low Cost of Living
7% lower on the Cost of Living index than the U.S. as a whole
Generational Mix
Residents from the Silent Generation & Baby Boomers to Millennials & Gen Zs.
Small Businesses
68% of businesses
employ 2-9 people
53% of jobs are with Stage 2 firms
(10-99 employees)
Real Median Income
$53,060 in 2018
Educated Community
20% with Associate’s, Bachelors or Graduate Degrees
21.5% with some College
State of Indiana
Highlights
AAA
Bond Rating
Standard & Poor’s, 2020
Compared to:
OH: AA+
MI: AA
KY: A
IL: BBB
A Top State for Doing Business
#4 in NBC America’s top states for business, 2019
Compared to:
OH: 16th
MI: 27th
IL: 34th
#1: State Infrastructure
CNBC State Infrastructure Ranking, 2019
Compared to:
MI: 33rd
IL: 16th
KY: 2nd
OH: 4th
#2: Long Term Fiscal Stability
US News & World Report, 2018
Compared to:
MI: 26th
KY: 47th
OH: 40th
IL: 50th
#2: Workers'
Comp Prem. Rate
US News & World Report, 2018
Compared to:
MI: 15th
KY: 19th
OH: 16th
IL: 30th
$52,182
Median Household Income
6.5 Million
Total Population