This week the Governor’s Office of Business and Economic
Development (GO-Biz) released an updated website for California’s
Opportunity Zones. The new website brings together funding
opportunities, resources, best practices, and tools to support
economic and business development in the state’s 879 Opportunity
Zones, spread across 57 counties.
Opportunity Zones are made up of census tracts that are
economically distressed communities where new investments may,
under certain conditions, be eligible for preferential federal
tax treatment or preferential consideration for federal grants
and programs. In California’s Opportunity Zones, the average
poverty rate is 20 percent higher than the statewide
average, and the median family income is half of the statewide
average.
