Opportunity Zones is a program established by The Tax Cuts and Jobs Act of 2017 designed to encourage long-term investment in low-income communities. The program establishes tax incentives to encourage private individuals to invest unrealized capital gains in projects located within high poverty communities. Learn more about the details of the program here.
On March 21, 2018, Governor Abbott designated 628 census tracts in Texas as Opportunity Zones, 24 of which are in Bexar County. On April 18, 2018, the Treasury Department officially certified these tracts as Opportunity Zones.
If you would like to stay updated on Opportunity Zones or if you have further questions, Contact the Economic Development Department.
A printable map of San Antonio’s designated Opportunity Zones is available below. Further information and resources are available via the CDFI Fund and the IRS.