DEED Seeking Input On Eligible Census Tracks
Opportunity Zones are a new community development program established by Congress to encourage long-term investments in low-income and urban communities nationwide. Gov. Dayton may designate up to 123 census tracts as Opportunity Zones out of a total of 491 in the state.
Help the governor decide which areas should be designated! First-class cities, counties and tribal nations can recommend eligible census tracts by the March 8 deadline. More information can be found at https://mn.gov/deed/
- Established by Congress in the Tax Cut and Jobs Act of 2017
- Opportunity Zones are a new class of private sector investment to draw long-term investment to areas that are in the most economic need.
- It is important to let your voice be heard so that your area can be considered a priority for these resources.
- These zones are a potential new source of revenue for affordable housing so contact your city or county administrator and provide input.