Opportunity Zones
Strategic Incentives. Real Investment Potential.
Union County, South Carolina is home to a federally designated Opportunity Zone—an area identified for its potential to attract private investment and drive long-term economic growth. Located near key highways and anchored by development-ready land, this zone gives businesses and investors a meaningful incentive to build something with lasting value.
If you’re looking to align smart investment with real opportunity, Union County is ready to work with you—start to finish.
Opportunity Zones are part of a federal program designed to spur investment in communities by offering tax advantages to investors who reinvest capital gains into designated areas. For qualifying projects, the benefits can include:
- Deferral of capital gains taxes
- Reduction of taxes owed for long-term holdings
- Elimination of capital gains from Opportunity Zone investments held for 10+ years
These incentives are especially powerful when paired with shovel-ready land, supportive leadership, and infrastructure that makes development possible—not just theoretical.
Union County’s designated Opportunity Zone covers Census Tract 301, encompassing parts of the City of Union and key corridors with development potential:
- Includes areas near US Highway 176 and SC Highway 49
- Close to downtown Union and established residential and commercial districts
- In proximity to infrastructure including water, sewer, electric, and broadband
- Home to potential sites such as the Buffalo Mill Redevelopment Site
This tract offers real potential for industrial, commercial, residential, and mixed-use projects—all in a location that’s accessible, affordable, and poised for growth.
- Population: ~2,100 residents
- Median Household Income: ~$43,000
- Poverty Rate: ~19%
- Median Home Value: ~$86,000
- Infrastructure: Water, sewer, broadband, electric—all accessible within the zone
- Access: Near workforce hubs, downtown Union, and key state highways
The Opportunity Zone supports a wide range of project types, including:
- Light manufacturing or clean industrial
- Adaptive reuse and redevelopment
- Residential and workforce housing
- Logistics and support services
- Office, medical, or service-sector development
Sites within the zone are flexible—and Union County is open to creative partnerships that maximize both community benefit and investor return.
The Union County Development Corporation is ready to help investors and companies explore the full potential of Opportunity Zones:
- Identify qualified properties
- Connect with local and regional partners
- Structure proposals that align with OZ and community goals
- Streamline permitting, infrastructure coordination, and incentives
