Our Opportunity Zone

What is the Opportunity Zone Program?

The Opportunity Zone Program is a federal program connected to the Tax Cuts and Jobs Act of 2017. It is designed to spur community investment by providing tax benefits to investors who hold their investment between five to ten years. The benefits on investments made in Kentland will take the form of new industries taking root, new jobs being created and more families taking up residence in the town.

Federal Tax Advantages

The Tax Cuts and Jobs Act of 2017

Enables tax incentivized investment of realized capital gains, into designated Opportunity Zones.

Under Seven Years

Original capital gains taxes invested in QOF is deferred until sold.

Seven Years or More

Original deferred capital gains in the QOF is reduced by 10%.

Ten+ Years

10% reduction in the original capital gains investment; no capital gains taxes on the appreciated value of the investment.

Period of Investment

Maintains 5 years or greater but less than 10

Deferred payment on original capital gains through 12/31/2026 or when investment is sold, if prior to 12/31/2026. 10% decrease in capital gains tax owed on original investment.

Period of Investment

Maintains 10 years or greater

Deferred payment on original capital gains through 12/31/2026 or when investment is sold or exchanged. Exempt from capital gains tax on future capital gains (appreciation) while invested in the QOF.

Opportunity
Zone
Projects

Our journey of building a prospectus began when our county was selected to take part in a new program titled the Rural Opportunity Zones Initiative (ROZI).

The program was a collaboration between two distinct groups: the Purdue Center for Regional Development (PCRD) and the Indiana Office of Community and Rural Affairs (OCRA). ROZI was going to invest in six counties, offering their expertise, technical assistance and capacity-building support for the purpose of developing and implementing a sound investment prospectus. The prospectus is a calling card, inviting any and all who are interested to invest in the projects our community has deemed invaluable. The program is powered by a grant that was recently awarded to PCRD by USDA Rural Development.

Learning that our town was located in one of the six counties, we knew we couldn’t pass up this opportunity to create a prospectus. We gathered a leadership team and started to identify key investment projects that would benefit our future. From here, we formed an Opportunity Zone Task Force and hosted a focus group consisting of longtime residents spanning young and old. If we were going to pursue great economic change in Kentland, we needed the community’s support and input to move forward. To our joy, the information that was gathered at the focus group proved to be crucial in the development of our prospectus with ROZI’s assistance.

The Task Force met with ROZI and drafted two initial projects that were both suitable to Kentland’s Opportunity Zone and highlighted the community’s interest. These projects included an intergenerational wellness center, which would feature separate buildings for childcare, health services and senior living, as well as a walking path, green space and a playground for children. It also clarified new business development opportunities we could pursue to add even more life to our town.

Simultaneously, during all of this, we had also entered into a partnership with a creative agency that would help us dial in our town’s brand identity. We felt establishing a strong look and feel that was consistent with our core values would help us tell our economic development aspirations. Once we had all forged the basis of a strong prospectus, we gathered the town together for a community presentation and unveiled our town’s new brand, and the Opportunity Zone projects we were aiming to accomplish. We also threw a community picnic to celebrate our bold move forward into our future.

Our Journey
Headshot, Opportunity Zone Task Force Director, Mike Davis

Mike Davis

Opportunity Zone Task Force Director

Phone

(219) 869-1156

Email

Task Force

Get More Info

Our Prospectus

View

Our journey of building a prospectus began when our county was selected to take part in a new program titled the Rural Opportunity Zones Initiative (ROZI).

The program was a collaboration between two distinct groups: the Purdue Center for Regional Development (PCRD) and the Indiana Office of Community and Rural Affairs (OCRA). ROZI was going to invest in six counties, offering their expertise, technical assistance and capacity-building support for the purpose of developing and implementing a sound investment prospectus. The prospectus is a calling card, inviting any and all who are interested to invest in the projects our community has deemed invaluable. The program is powered by a grant that was recently awarded to PCRD by USDA Rural Development.

Learning that our town was located in one of the six counties, we knew we couldn’t pass up this opportunity to create a prospectus. We gathered a leadership team and started to identify key investment projects that would benefit our future. From here, we formed an Economic Development Task Force and hosted a focus group consisting of longtime residents spanning young and old. If we were going pursue great economic change in Kentland, we needed the community’s support and input to move forward. To our joy, the information that was gathered at the focus group proved to be crucial in the development of our prospectus with ROZI’s assistance.

The Task Force met with ROZI and drafted two initial projects that were both suitable to Kentland’s Opportunity Zone and highlighted the community’s interest. These projects included an intergenerational wellness center, which would feature separate buildings for childcare, health services and senior living, as well as a walking path, green space and a playground for children. It also clarified new business development opportunities we could pursue to add even more life to our town.

Simultaneously, during all of this, we had also entered into a partnership with a creative agency that would help us dial in our town’s brand identity. We felt establishing a strong look and feel that was consistent with our core values would help us tell our economic development aspirations. Once we had all forged the basis of a strong prospectus, we gathered the town together for a community presentation and unveiled our town’s new brand, and the Opportunity Zone projects we were aiming to accomplish. We also threw a community picnic to celebrate our bold move forward into our future.

Our Journey
Headshot, Opportunity Zone Task Force Director, Mike Davis

Mike Davis

Opportunity Zone Task Force Director

Phone

(219) 869-1156

Email

Task Force

Get More Info

Our Prospectus

View

Project 1:
Thrive
Overview

Opportunity Zone

Thrive Intergenerational 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.

Job Creation

  • Executive Director Campus and Senior Living
  • Assistant Director of Childcare Center
  • Assistant Director of Wellness Center
  • Childcare Teachers
  • Executive Director Campus and Senior Living
  • Janitors
  • Kitchen Staff
  • Nurses
  • Landscape
  • Maintenance

Phase 1

Senior Living

The proposed Thrive Senior Living Center would be a privately funded, private pay facility comprised of 28 units with the potential for expansion wired into its design.

It’s worth noting that this shouldn’t be confused with a nursing home. Rather, this is an independent living experience for members of your family, where you can rest knowing that they’re safe and close by. As mentioned above, Thrive would create new jobs in the areas of administration, programming, landscaping and more. Seniors would have the opportunity to not only interact with children through music, arts or crafts, but also pass on their knowledge to the next generation.

Phase 2

Childcare Center

We’re proposing a licensed Child Care Center with a structured curriculum. This includes a fun time outside at the updated, on-site Batton Park.

It would have five classrooms: Newborn, 1 year old, 2 year old, 3 year old and preschool. Designated to each classroom would be a lead teacher and one or two teachers aides. A Center Director would oversee all operations, and there would also be kitchen and custodial staff.

Phase 3

Wellness Center

There would be multiple areas of focus to this Wellness Center: Urgent Care, Primary Care, Speech Therapy, Occupational Therapy, Physical Therapy, Mental Health, and Nutrition.

Extensive research is being conducted into the possibilities of how this proposed center will positively impact our town and the Newton County area. The Wellness Center would create new jobs, and elements of the newly updated Batton Park would be incorporated to assist patients in their occupational and physical therapy.

Making a Good Park Great

Batton Park

In addition to establishing the Thrive Project, we would also give Batton Park a fantastic update.

A new walking path would be added as well, allowing community members to meet, exercise and enjoy the town. The hope would be to one day connect this path to Cast Park.

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.

Mike Davis

Opportunity Zone Task Force Director

Phone

(219) 869-1156

Email

Warehousing

With a host of facilities and ideal locations, we are a perfect match for your warehousing and storage business. We’re a short distance from major retail locations, including Chicago (85 miles north), Indianapolis (105 miles south) and Detroit (298 miles northeast). Whether it’s refrigerated goods, general merchandise or other materials you’re needing to keep secure, we invite you to move your business here.

Logistics

We’re ideally located along major roadways like US Routes 41, 52 and 24. We also have a municipal airport for shipping just-in-time inventory. Our town would make a great base of operations for logistics companies, and we have direct access to a rail-line. Whether it’s labeling, breaking bulk, order entry, fulfillment, packaging, transportation arrangement— conduct all of your business here with us.

Solar

Being located in the heart of the Midwest, we’re a wonderful location for your solar energy company. A quiet technology powering our economy through inexpensive, clean and renewable energy is precisely what we invite to be rooted in our community.

Agribusiness

As one of the seed corn capitals of the world, this is our top industry. Your business is presented with boundless opportunity, with acre after acre of rich soil stretching far into the horizon. If you’re searching for a place to build your agribusiness, Kentland is your home. You just don’t know it yet!

Real Estate

Discover new life in Kentland. Whether you’re in need of commercial or residential properties, we’re happy to share our benefits with you. We’re close to Illinois, our tax rates are low and our real estate is offered up an extremely affordable price. If you’re a land developer, we’d love to meet you and discuss planting your property on our fertile land.

Manufacturing

American-based processing, fabrication, assembly and disassembly— we invite manufacturers of all kinds to ground themselves here with us. We already possess a strong manufacturing presence and have the talent to support the industry and your company.

Do You Have a Business in One of These Six Sectors? Browse Our Local Real Estate Market!

Available Properties

Get More Info

We Have Two Large Scale Development Projects in the Works: A New Firehouse and Updates to Our Airport.

This marks the beginning of even more great projects.

Kentland, Indiana Favicon Logo 190x167

New Kentland Firehouse

The Kentland-Jefferson Township Volunteer Fire Department has a roster of 22 firefighters. These individuals give above and beyond, having employment throughout the community and surrounding area.

Serving the Town of Kentland and Jefferson Township, our firefighters run rescues and take responder calls. They’re highly trained in emergency procedures, which helps ensure that they make it back home safely after a day of fighting fires, running rescues and taking responder calls. Our new fire station project has had countless support over the past six years. Through various fundraising methods, this new station will be centrally located, improving our overall response time and helping meet the community’s needs. It will be equipped with ample parking and brand new offices. We’re also going to be doing away with the old back-in bays by installing drive-through bays. This will help prevent injuries to our firefighters.

Learn More

Kentland Airport

Servicing three counties, our airport plays a crucial role in business, training, currency and recreation. We currently have six buildings containing 17 hangars, as well as a maintenance shop. You can find planes flying in and out of here on a daily basis, from smaller charters like a Beechcraft Baron 58 to a larger capacity aircraft like a Citation CJ1.

In the past 10 years, we’ve invested 4.5 million dollars into our airport. 90% of this number came from the Federal Aviation Administration, 5% from the State of Indiana, and the balance from the Town of Kentland. We’ve done everything from adding permanent fuel farms to widening, lengthening and resurfacing our runways. We’ve also upgraded our fuel terminal technology and have added a weather reporting station. Whether we’re managing agriculture, visiting investments, flying parts in and out to satisfy commitments, or seeking medical treatment, our airport is an essential asset that we’re consistently seeking to improve. This being said, we’re looking to update our airport yet again with a 1.3 million dollar stormwater improvement project, as well as adding a new taxi area, new terminal and new hangars. Normally, the FAA would cover its 90%, the State with its 5% and the town with our 5%, but due to recent legislation that allows the FAA to fund the town’s portion of the bill, we would receive these additions to our airport at no cost.

Get More Info

Opportunity Zone
Statistical Snapshot

Opportunity Zone
Statistical Snapshot

Opportunity Zone, Indiana Statistical Snapshot

Opportunity Zone Highlights

Kentland is the largest town located within the Opportunity Zone. To gain a more comprehensive understanding of our area, we’ve gathered statistical data that covers a wide swath of information, beginning with the Opportunity Zone, then slowly broadening the scope to include Newton County and finally the State of Indiana.

20 Years

The population within the OZ has hovered around 2,400 people for more than two decades

1,748

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

Boldly Moving Forward 300x275

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

OZ Population

OZ Employment

Population by Occupation

Newton County
Statistical Snapshot

Newton County
Statistical Snapshot

Opportunity Zone, Indiana Statistical Snapshot

Small Town Population

14,011 residents in 2018

Generational Mix

Residents from the Silent Generation & Baby Boomers to Millennials & Gen Zs.

Educated Community

20% with Associate’s, Bachelors or Graduate Degrees

21.5% with some College

Active Workforce

Labor participation rate of 86% in 2017

Small Business Presence

68% of businesses employ 2-9 people

53% of jobs are with Stage 2 firms
(10-99 employees)

Housing Tenure

73% of housing is owner-occupied

Low Cost of Living

7% lower on the Cost of Living index than the U.S. as a whole

Real Median Income

$53,060 in 2018

Engaged Community Foundation

Nearly $225,000 invested in local organizations & agencies in 2018-19

State of Indiana
Statistical Snapshot

State of Indiana
Statistical Snapshot

Opportunity Zone, Indiana Statistical Snapshot

Cost of Doing Business

NBC America’s top states for business, 2019

Our Opportunities, Cost of Doing Business

Bond Rating

Standard & Poor’s, 2020

Our Opportunities, Bond Rating

State Infrastructure

CNBC State Infrastructure Ranking, 2019

Our Opportunities, Indiana State Statistics, 1st Best Infrastructure 191x300

Michigan – 33rd

Illinois – 16th

Kentucky – 2nd

Ohio – 4th

Best Long Term Fiscal Stability

US News & World Report, 2018

Our Opportunities, Indiana State Statistics, 2nd Best Long Term Fiscal Stability 191x300

Michigan – 26th

Kentucky – 47th

Ohio – 40th

Illinois – 50th

Indiana’s Workers’ Comp Premium Rate Ranking

US News & World Report, 2018

Our Opportunities, 2nd Best Workers Comp Premium Rate Ranking 300x247

Michigan – 15th

Ohio – 16th

Kentucky – 19th

Illinois – 30th

Total Population

6.5 Million

Median Household Income

$52,182

25.3%

% With a Bachelor’s Degree or greater

88.3%

% With a Highschool Degree or greater

16.1%

% Without a Highschool Degree or greater
(ages 18-24)

23.9%

% Under 18

14.6%

% Over 65

16.1%

Unemployment
(age 16 or older)