Opportunity Zones Texas

Texas features one of the largest collections of qualified opportunity zones in the country. There have been 628 census tracts in texas approved as opportunity zones by the state governor and ceo of us.

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Opportunity zones texas. Opportunity zones in cameron county texas. The submissions by governor abbott to the federal government will attract billions in investment and economic growth to cities across texas. Zoom in zoom out zoom out.

The sheer size of texas has meant that all those census tracts will be spread throughout the state. For a list of the census tracts designated by the secretary of the treasury as opportunity zones in july 2018 please click here for the notice including additional puerto rico designated qualified opportunity zones please click here. Opportunity funds can invest in 59 of the counties in texas.

Texas has designated 628 qualified opportunity zones which is 508 more than the united states median of 120 and 475 more than the united states average of 153. Texas has 628 designated opportunity zones all of which are low income communities. This interactive map provides information about the location and characteristics of significant transportation related facilities that are located in or near opportunity zones.

Select the map image to view in a new browser window. But 30 of the states opportunity zones are located in rural areas. Statewide just 16 percent of texas census tracts are rural.

In texas there are 628 opportunity zones across the states 5265 census tracts for an. These zones are located in 145 different counties out of a possible 245 total counties that exist within the state. On march 22 2018 governor greg abbott submitted the states opportunity zone designations to the us.

Governor abbott nominated 628 census tracts in 145 texas counties as potential opportunity zones across the states 5265 census tracts. Opportunity zones interactive map. The opportunity zone program was created by the 2017 federal tax cuts and jobs act and will encourage businesses to develop and invest in low income communities in texas.

Treasury department to encourage long term investment in eligible texas communities. Texas did not designate any eligible non low income contiguous tracts as opportunity zones. Hawaii has the fewest opportunity zone tracts by percentage at 71 while wyoming has the most at 189.

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