On March 23, 2018, Governor Henry McMaster announced he has recommended, at the request of the City, four census tracts be designated as Opportunity Zones. Census tracts in Rock Hill designated as Opportunity Zones include areas comprising Knowledge Park, the Saluda Street corridor and the Albright Road corridor. These designations, after their finalization, are designed to jumpstart investment and spur economic development in Rock Hill. This program will provide a valuable financing tool to encourage significant economic development in the urban core. The program allows investors to defer paying tax on capital gains if those gains are invested in Opportunity Zones.