Posts tagged Qualified Opportunity Zones

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posted on 05/25/2018 / 0 Comments

U.S. Department of Treasury approved all nominated Virginia Opportunity Zones  RICHMOND—Governor Northam today announced that the U.S. Department of Treasury has officially designated 212 Virginia Qualified Opportunity Zones. Governor Northam submitted 212 nominations in April, which represented the maximum number of zones the Governor was able to nominate under the new federal tax tool that targets low-income census tracts. “I am pleased that all of the 212 nominated Opportunity Zones have been accepted,” said Governor Northam. “We focused on local, regional, and state priorities, as well as Virginia’s diverse geography and economic opportunities, to strategically select a balance of zones that align …