LISC National
Opportunity Zones

Opportunity Zones: Next Steps

State and Local

The clock is ticking for governors to choose their Opportunity Zones. Designations or a request for a 30-day extension must be submitted to Treasury by March 21, 2018. 

  1. Know which census tracts are qualified to become Qualified Opportunity Zones within your State.

  2. Ensure that governors and state heads of economic development are aware of the program.

  3. Encourage states to select Opportunity Zones in a targeted manner, as opposed to maximizing the geographic coverage of the zones, so that there can be sufficient investment of resources into each Zone.

  4. Advocate for “severe economic distress” census tracts (NMTC definition) to be included in Opportunity Zones to drive resources to the areas of highest need.

  5. Advocate for a balance of rural and urban neighborhoods to be included in the state’s Opportunity Zones to diversify investment activity and ensure rural markets that have lost significant jobs and population are eligible for investment.

  6. Advocate for states and municipalities to create new programs or utilize existing incentive programs to:

    • Enhance investor benefits and drive investment to their state and its target markets.
    • Ensure that benefits of Opportunity Fund investments accrue to residents of the Opportunity Zones and create quality job opportunities or bring critical services to residents.


For investors to begin utilizing this new program, the U.S. Treasury Department must act to provide guidance to the states on making their Opportunity Zone designations, publish rules for certifying Opportunity Funds, and publish rules for on-going compliance and reporting. 

  1. Lobby the Administration on the importance of this program and need for timely implementation.

  2. Provide guidance to the Treasury Department on rule making that will foster program success.

Opportunity Zones Updates