In 2018, Wheat Ridge was awarded designation as an Opportunity Zone. This is a tract of land eligible for federal tax credits, under the Tax Cut and Jobs Act of 2017. Investors who develop in the zone receive favorable treatment of reinvested capital gains and forgiveness of tax on new capital gains. The goal is to spur long-term investment in the area. The Wheat Ridge Opportunity Zone includes land in both Wheat Ridge and neighboring Arvada.