Rewarding Businesses
and Their Neighbors

When partnering with S23 Holdings, you have the option to build your business in a Qualified Opportunity Zone. Created as a result of the Federal Tax Cuts and Jobs Act of 2017, these low-income areas welcome long-term investments. Owners of an Opportunity Zone facility bring positive economic impact to underprivileged communities and also receive a tax benefit.

Men holding wire for repair

S23 and Workforce Development

S23 is in the process of investing 64.4 million to build a facility on an 84-acre property in Newport News’ Southeast Community. The decision to choose a Qualified Opportunity Zone as our corporate and industrial campus will bring more than 330 skilled jobs and a training center to the area. We believe in Opportunity Zones and want to help you consider the rewarding experience of gaining prosperity for your company and its neighbors.

Watch the exclusive story from WAVY TV 10.

Opportunity Zone partners who have joined the S23 team