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What data was used to identify eligible tracts for the OZ program?

Can states add additional zones in years to come?


Answers
  • Valerie Grunduski
    September 23, 2019

    The zone selection for the current Opportunity Zone program ended in spring 2018. Governors nominated zones that were qualifying low-income census tracts, with the ability to choose a smaller percentage of zones that did not qualify on their own, but border low-income tracts. If the program proves successful and is extended beyond its original provisions, this would reopen the ability to select zones again.

  • Peter McNeil
    September 23, 2019

    The data is from the U.S. census tracts. Additional tracts can be added after the 2020 Census.

  • John Wegmann
    August 31, 2019

    The selection of eligible tracts was based on 2010 Census data. The deadline has passed for states to designate zones, so absent error (which for example recently allowed Puerto Rico to add two zones) or a change in law, states cannot designate additional zones in years to come.

  • Erik Kodesch
    August 31, 2019

    The zones were selected from low-income census tracts. No more census tracts can be designated.

  • Blake Christian
    August 30, 2019

    Family income of residents was the main driver. Governors picked the final census tracts from a larger group of eligible census tracts. Unfortunately, states cannot add census tracts absent a technical corrections bill through Congress.

  • Matthew Rappaport
    August 30, 2019

    The data came from the 2010 U.S. Census. Only the federal government can add zones. The states cannot add any other zones.