County will request state consider all three qualifying census tracts for Opportunity Zones 2.0; board authorizes chair to sign letters

Drew Levani, director of the community development department, briefed supervisors on California's Opportunity Zones 2.0 selection window and the county's qualifying census tracts. He explained that re-numbering after the 2020 census changed some tract identifiers and that the state's portal requires comments to be submitted per tract. Levani said opportunity-zone designation can make private investment more financially attractive by deferring certain capital-gains taxes and noted that eligible investment types include workforce development, housing, broadband, recreation-oriented projects and forest-restoration work.