FOR IMMEDIATE RELEASE MEDIA CONTACT Nov. 9, 2026 Paula Thompson Executive Director
606-864-8115
Laurel County secures two Opportunity Zone designations Program will help attract private investment, spur economic development
LONDON, Ky. – The London-Laurel County Economic Development Authority announced that it has secured two Opportunity Zone designations, which will create new prospects to attract private investment, encourage job creation and support long-term economic development.
“We will use the designations as an additional tool in our efforts to attract investment, support business growth and advance economic development throughout Laurel County,” said Paula Thompson, executive director of the London-Laurel County Economic Development Authority. “We also appreciate our partners at Cumberland Valley Area Development District and Kentucky Highlands Investment Corporation, which provided valuable assistance with the application process.”
Opportunity Zones are a federal economic development initiative designed to encourage private investment in economically distressed communities.
The two designated areas in Laurel County are:
Census Tract 9704 covering the west side of I-75 from Exit 41 to Exit 38
Census Tract 9707 covering the east side of I-75 at Exit 38 south including Sublimity City
The designation provides an opportunity to attract investment in projects such as commercial and industrial development, housing, and infrastructure improvements. These investments can help create jobs, expand economic opportunities and strengthen local communities in Laurel County. The designation begins on January 1, 2027 and concludes on December 31, 2036 for a total of ten years.
Opportunity Zone designations are based on eligible U.S. Census tracts. Through the program, investors may receive federal tax benefits by investing eligible capital gains through Qualified Opportunity Funds that support projects in designated areas.
For more information on the Opportunity Zones in Laurel County, please contact the London and Laurel County Economic Development office.
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