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Seven census tracts nominated by the City of Spokane were selected by Governor Bob Ferguson for the federal Opportunity Zones 2.0 program. Opportunity Zones (OZs) are a federal economic development initiative meant to spur investment in low-income communities by providing capital gains tax benefits for investors in projects located in designated census tracts.
The City of Spokane nominated nine census tracts with a focus to leverage recent public investments in infrastructure and planning with market investment and development potential in North Monroe, the North Bank, downtown, South Logan, the University District and East Central. Seven census tracts were selected, which include:
Neighborhood Council & District
Emerson/Garfield, West Central 3
Emerson/Garfield, West Central, Downtown (Riverside) 1, 3
Logan, East Central 1, 2
East Central 2
East Central, Cliff-Cannon 2
Downtown (Riverside) 1, 3
Chief Garry Park, East Central 1, 2
An additional census tract in the West Plains, which is shared by the City of Spokane and City of Airway Heights, was also selected.
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