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2 clusters · 5 sources · 12 days · First seen · Last updated

Washington Opportunity Zones 2.0 nominations

Overview

Washington Governor Bob Ferguson has nominated 99 low-income and rural communities for the federal Opportunity Zones 2.0 program. The nominations, which cover 27 counties and 17 tribal lands, were submitted to the U.S. Treasury Department following a selection process from 152 applications.

The program aims to provide federal tax incentives to investors, developers, and financial institutions to direct capital into real estate and businesses within these designated areas. Specific nominations include various locations in Snohomish County, such as Marysville and Everett, as well as 16 census tracts in South King County including Kent, SeaTac, and Tukwila. In Kent, one nominated area is a West Hill zone intended to attract housing and mixed-use projects near a new Sound Transit light rail station.

If the U.S. Treasury Department certifies these designations, they are scheduled to take effect on January 1, 2027.

Entities

U.S. Treasury Department · Bob Ferguson · Washington State Department of Commerce · Kent · Snohomish County

Timeline

  1. [BUSINESS] 3 sources
    Washington Governor nominates 99 communities for Opportunity Zones

    Governor Bob Ferguson nominated 99 Washington communities, including Kent, Federal Way, and Renton, for the federal Opportunity Zones 2.0 program to drive investment in low-income areas.

  2. [BUSINESS] 2 sources
    Governor Ferguson nominates Washington communities for Opportunity Zones 2.0

    Governor Bob Ferguson has nominated 99 Washington communities, including areas in Snohomish and King counties, for federal Opportunity Zones 2.0 tax incentive designations.

Sources

auburn-reporter.com · b-townblog.com · federalwaymirror.com · lynnwoodtimes.com · rentonreporter.com