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Consultants urge Klamath County to map eligible tracts for OZ 2 nominations
Summary
Consultants from Healthy Sustainable Communities briefed the Klamath County Board of Commissioners on Opportunity Zones 2.0, advising the county to inventory 12 eligible census tracts, coordinate nominations with Business Oregon and municipal partners, and plan projects that show a pathway to development.
John Langarza of Healthy Sustainable Communities and partner Andre Labarza told the Klamath County Board of Commissioners on Feb. 24 that the new Opportunity Zones program (OZ 2) changes how rural counties can compete for federal tax-incentive designations.
Langarza said OZ 2 introduces a nomination process every 10 years and stronger reporting requirements, and that Klamath County has about 12 census tracts that could be eligible. "Only about 25% of eligible tracts will be selected," he said, urging the county to prioritize tracts with buildable land and clear…
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