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Hines council backs Opportunity Zone 2.0 designation for local census tract
Summary
Council unanimously approved Resolution 2404 authorizing city support for designation of Census Tract 41025960200 as an Opportunity Zone 2.0 and directed the city administrator to submit the support to Business Oregon.
Councilor Roger Hodge read Resolution 2404 supporting the designation of Census Tract 41025960200 as a 2.0 Opportunity Zone and authorizing the city administrator to submit the city's support electronically to Business Oregon.
Councilor Robert Beers asked whether Opportunity Zone and Enterprise Zone programs were different; Administrator Worley clarified that the Enterprise Zone is a state program while Opportunity Zone 2.0 is a federal program. Councilor Hilda Allison moved to accept Resolution 2404; Councilor Kim Valentine seconded; all ayes, motion carried unanimously.
