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Klamath County advised to target buildable parcels as OZ 2.0 reshapes rural investment
Summary
Local economic development consultants briefed the Board on OZ 2.0’s shift to permanent, rural-focused incentives and competitive local nominations; Business Oregon will oversee nominations and the governor recommends tracts to the U.S. Treasury.
Jon Legarza and Andre Legarza told the Klamath County Board of Commissioners that the Opportunity Zones program’s latest iteration, referred to in the presentation as OZ 2.0, is now permanent and places greater emphasis on rural investment and reporting requirements. They said the county has 12 census tracts eligible for nomination but that only about 25% of eligible tracts are likely to be designated…
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