Opportunity Zones

Opportunity Zones is sponsored by Business Oregon. Oregon Broadband Office Oregon Business Development Fund (OBDF) Category: Economic Development.

Business Oregon : Opportunity Zones : Opportunity Zones : State of Oregon Translate this site into other Languages tag, as divs are not allowed in 's --> Oregon’s Opportunity Zone 2. 0 program is designed to unlock long-term investment in communities that need it most. Building on the success of the original Opportunity Zone initiative (Opportunity Zone 1.

0 or OZ 1. 0), this updated program offers enhanced incentives and transparency to ensure that private capital drives real, measurable improvements in housing, jobs, and infrastructure across the state. Oregon partners with local governments and stakeholders to identify eligible census tracts, guide investors, and ensure projects align with statewide economic development priorities.

Oregon's Opportunity Zone 1. 0 Opportunity Zone 2. 0 is a federal program administered by the U.S. Treasury, building on the original version launched in 2017 under the Tax Cuts and Jobs Act.

To learn more about OZ 1. 0, visit our program webpage: What's New in Opportunity Zone 2. 0?

Major Updates: No Sunset, New Designations & Enhanced Oversight Permanency & Decennial Redesignation ​​OZ program is now permanent—no sunset date New census-tract designations occur every 10 years (starting July 2026) Rolling 5-year capital gains deferral , starting from each investment Basis step-up : 10% after 5 years (30% in rural zones) Zero capital gains taxes ​ on appreciation after 10 years, up to a 30-year holding period Stricter Eligibility & Removal of Contiguous Tracts ​​Census tracts most have either a poverty rate greater or equal to 20% or a median family income less than or equal to 70% of the relevant state/metro benchmark Adjacent (contiguous) tracts are no longer eligible​ Special Incentives for Rural Oregon Higher 30% basis step-up in rural qualified Opportunity Funds Reduced "substantial improvement" thresholds from 100% to 50% in rural areas Enhanced Transparency & Reporting ​​Treasury must publish annual investment reports and assess economic impact QOFs face stricter tracking and compliance obligations Major milestones for Opportunity Zones (OZ) 2.

0 implementation. OZ 2. 0 Legislation Enacted The One Big Beautiful Bill Act makes Opportunity Zones permanent with updated benefits and reporting requirements.

Nomination Applications Open Eligible jurisdictions and economic development organizations may begin submitting nomination applications for qualifying tracts. Input from interested stakeholders will also be collected beginning on this date. Nomination Applications Close The deadline to submit nomination applications and provide stakeholder input is Friday, May 22, at 5:00 p.

m. PT. Application Review Period All submitted nomination applications will be reviewed and evaluated for investment readiness, local capacity and support, and overall strategic alignment.

A final list of recommended tracts will then be submitted to the Governor for consideration. 90-Day Nomination Window Opens Governors have 90 days to nominate up to 25% of eligible tracts for OZ designation. OZ 2.

0 Tracts Go Into Effect New designations become active; investments under OZ 2. 0 rules officially begin. We’re excited to connect with communities, investors, and local leaders as Oregon prepares for Opportunity Zone 2.

0 selection process. Engagement events and informational sessions will provide a chance to learn about the updated program, learn about the nomination process, and ask questions. Webinar 1: Opportunity Zones 101 (February 2026) Healthy Sustainable Communities , this introductory session will cover: What Opportunity Zones are and how they work Key changes introduced in Opportunity Zones 2.

0 Real-world case studies and lessons learned from Opportunity Zones 1. 0 An overview of the selection timeline and key dates Preliminary analysis of eligible tracts based on updated census data Opportunity Zones 2. 0 Companion Guide Opportunity Zones 2.

0 Webinar Slides Link to YouTube: Webinar 1: Oregon's Opportunity Zone 2.

0 The Basics & New Landscape Webinar 2: Oregon Nomination Process (March 23, 2026) This session will provide an in-depth look at Oregon’s nomination process, including: Important deadlines and required application materials Best practices for preparing strong nominations Guidance on tract viability, aligning with local economic strategies, and building compelling community narratives ​ Capacity considerations such as stakeholder roles, compliance requirements, and resource needs Co-hosted with Healthy Sustainable Communities , this will be a live webinar with Q&A .

Opportunity Zones 2. 0 Webinar Slides ​​ ​ Link to YouTube: Webinar 2: Oregon's Opportunity Zone 2.

0 Nomination Process Webinar 3: Attracting Private Capital & Investor Relations (April 21, 2026) ​Learn best practices for attracting private investment and understanding investor priorities, including: How to assess whether a tract is attractive to investors Building narratives that align community priorities with developer goals Demonstrating project viability and avoiding land-use constraints Basics of financial structuring and post-designation management Co-hosted with Healthy Sustainable Communities , this will be a live webinar with Q&A .

Opportunity Zones 2. 0 Webinar Slides Link to YouTube: Webinar 3: Attracting Capital in Opportunity Zones Informational Webinar: Tribal Nomination Process (April 24, 2026) Informational webinar and discussion of the nomination process for tribal nations in Oregon, April 24, 2026: Link to Youtube: Oregon's Opportunity Zones 2.

0: Tribal Nomination Process Office Hours: Support for OZ Nomination Applications Opportunity Zone Office Hours offer a drop in space for jurisdictions to ask general Opportunity Zone questions and receive guidance on the nomination process. While we cannot assist in completing applications, we are here to help clarify requirements and procedures.

Opportunity Zone Office Hours: April 8 th from 10:00 AM to 11:00 AM PDT Opportunity Zone Office Hours: April 23 rd from 1:00 PM to 2:00 PM PDT Opportunity Zone​ Office Hours: May 6 th from 2:00 PM to 3:00 PM PDT ​Opportunity Zone​ Office Hours: May 14 th from 2:00 PM to 3:00 PM PDT​ Opportunity Zone​​​ Office Hours: May 19 th from 11:00 AM to 12:00 PM PDT​​ ​Opportunity Zo​ne​​​ Office Hours: May 22 nd from 11:00 AM to 12:00 PM PDT Oregon is committed to a transparent, data driven process for selecting Opportunity Zone 2.

0 tracts. We invite local jurisdictions — including cities, counties, ports, tribal governments — and regional economic development organizations to submit nomination applications for eligible tracts in their communities. Treasury guidance issued on April 6, 2026, Oregon has 229 eligible tracts and can designate no more than 58 as Opportunity Zones.

Eligible Opportunity Zone Census Tracts Download the complete list of eligible census tracts in Oregon in Excel format: How to Nominate an Eligible Tract Nomination Application Process Cities, counties, ports, tribal governments, and economic development organizations are eligible to apply. One Application per Tract Only one application will be accepted for each tract.

If multiple organizations are interested in nominating the same tract, they are encouraged to collaborate and submit a single, joint application. How to Request Application Materials To receive the application packet, please submit a request using this form.

Request Application Materials Submitted applications will be reviewed and evaluated based on the following: Project Viability and Investment Readiness Nominated tracts should include identified investable projects, project ready land, or demonstrable steps taken to prepare for future investment opportunities.

Local Support and Capacity Applications should demonstrate strong local support, including engagement with key stakeholders, alignment with local economic development or land use strategies, and the availability of incentives or tools that can help attract investment. Projects within the nominated tract should align with local and state economic development priorities.

Interested Stakeholder Input Process Only eligible entities may submit tract nomination applications. However, developers, investors, community organizations, and other stakeholders who are not eligible to apply are encouraged to participate in the process. If you would like to provide information, express support, or note concerns regarding a proposed tract nomination, please submit your comments using this form.

Tribal Nation Nomination Information Tribal nations have a dedicated nomination process for Opportunity Zone designations. Each tribal nation may automatically nominate one eligible census tract that overlaps with its tribal lands. For this process, “tribal lands” include areas within the Tribe’s reservation, lands held in trust by the U.S. federal government for the Tribe, or lands officially pending trust status.

To submit a nomination, tribal nations must provide a brief memo with the required information. Tribes will need to submit a finalized memo to incentives. program@biz.

oregon. gov by Friday, May 29th. The memo template and accompanying detailed guidance are available at the links below: If a tribal nation wishes to nominate more than one tract, any additional tracts must be submitted through the standard nomination application process.

For more information, please feel free to contact incentives. program@biz. oregon.

gov or contact Business Oregon’s Tribal Laison, Brian Plinski, at Brian. PLINSKI@biz. oregon.

gov. Opportunity Zone 2. 0 Interactive Map Opportunity Zone ​interactive map reflects the final list of eligible tracts issued by Treasury on April 6th, 2026. ​ Note: The image is a map outlining the Oregon Opportunity Zones, as part of the interactive mapping system by Business Oregon.

To actually engage with the interactive map, please click on the hyperlink above it labeled "Opportunity Zone interactive map". We welcome your questions about the Opportunity Zone program. As we work through your questions and provide answers, we'll develop a "Frequently Asked Questions" document for easy reference.

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