Opportunity Zones are low-income census tracts that must have an individual poverty rate of at least 20 percent, and family income less than 80 percent of the community’s median family income. Governor Jay Inslee approved Opportunity Zones in 36 counties across Washington State, with Spokane County securing eleven zones that will benefit from this federal program designed to encourage long-term capital investment and job creation by offering special tax breaks to investors. Opportunity Zones were created in The Tax Cuts and Jobs Act of 2017 to spur job creation and business development throughout the U.S. Greater Spokane Incorporated and our municipal partners throughout Spokane County submitted applications to designate a number of Spokane County low-income census tracts as Opportunity Zones. Opportunity Zones Will Spur Job Creation and Business Development
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