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Hanover County EDA agrees to back letter for potential Opportunity Zone petition
Summary
The EDA unanimously agreed to support drafting a letter of support to petition the state for inclusion of a tract near Ashland in federal Opportunity Zone designations expected in 2028; staff noted Virginia has over 600 eligible tracts but only about 152 will be chosen.
Economic Development Secretary Brandon Turner briefed the authority that the federal government will issue Opportunity Zone designations in 2028 and that an area covering northern Ashland and adjacent parts of Hanover County has been identified as a potential tract. Turner said Virginia has over 600 eligible tracts and only about 152 will be designated, and he asked whether the EDA would support drafting a letter of support for any application to the state.
The EDA unanimously agreed to support drafting a letter if needed as part of the application. Members did not vote on formal language at the meeting; staff will prepare materials and a draft letter if the county elects to pursue a petition to the state.
