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High Point staff recommends three census tracts for Opportunity Zones 2 nomination
Summary
City staff told the council they intend to nominate three previously selected tracts (138, 140 and 143) for the federal Opportunity Zones 2 program, citing overlap with local economic‑development priorities and tax‑credit stacking; council indicated consensus to proceed pending final federal and state maps.
City Manager Tasha Logan Ford and Peter Bishop, the city’s director of economic development, presented staff’s recommendation that High Point re‑nominate three census tracts—Tracts 138, 140 and 143—for consideration under the federal Opportunity Zones 2 (OZ2) program.
“We would like to get a consensus from the group on how we can move forward with those three,” City Manager Tasha Logan Ford told the council as she introduced the item. Bishop said the program’s design changes in OZ2 address several criticisms of the first round and could better align investor interest with local priorities.
Bishop described OZ1’s results and OZ2’s changes. “The mobilization of 150,000,000,000 of private equity through these qualified opportunity funds, through 2024, was one of the research points that…
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