OED kicks off City of San Jose Opportunity Zones dialogue

(SJ Economy)

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There’s a lot of buzz right now around Opportunity Zones – a new federal tax incentive for investment in lower-income communities. With 11 designated Census tracts, San Jose has the most Zones in Silicon Valley, and investors have responded by looking for deals throughout the new Zones, especially in Downtown.

But what does the Opportunity Zone designation really mean? How does it align with the city’s goals and priorities for housing development, equitable growth, and economic activity?