The City of Sacramento — in coordination with Valley Vision, the Power Inn Alliance, the Federal Reserve Bank of San Francisco and Vice Mayor Eric Guerra — is hosting the Capital Region Opportunity Zone Forum Feb. 1 at the Depot Park Conference Center.

Opportunity Zones are designated by the federal government to stimulate investment in lower-income areas. People who invest in real-estate and business opportunities in these areas can receive significant tax breaks.

“Opportunity Zones are an opportunity for Sacramento” Guerra said. “This designation is pivotal in attracting investors into areas that have been forgotten like Stockton Boulevard, Folsom Boulevard’s commercial corridor and the Power Inn industrial manufacturing area.”

Friday’s forum, which runs from 8:30 a.m. to 2 p.m., will help to educate local property/business owners and investors – many of whom come from outside California — on the benefits of Sacramento’s Opportunity Zone designation.

The event is sold out but will be live streamed at Vice Mayor Guerra’s public Facebook account.