Treasury and IRS Designate 6,576 Opportunity Zones in All 50 States, Opening a New 10-Year Window for Private Investment, Fox Business Reports
Fox Business says the new designations take effect Jan. 1, 2027 and last a decade. 2,594 are rural tracts with enhanced tax incentives. Treasury says the program has drawn more than $110 billion in private investment since it began.
The Trump administration has named the next round of Opportunity Zones, Fox Business reports in an exclusive.
The announcement. The Treasury Department and the IRS said Thursday they have designated 6,576 Opportunity Zones across all 50 states, U.S. territories and Washington, D.C. The designations take effect Jan. 1, 2027 and stay in place for a decade. Fox says 2,594 of the zones are rural communities that qualify for enhanced tax incentives.
What the zones are. Opportunity Zones are economically distressed census tracts where qualifying investments can receive preferential tax treatment. The program was created in the 2017 tax law. Fox says it was made permanent under the Working Families Tax Cuts, the name the administration uses for its tax law.
The numbers. Treasury says the program has generated more than $110 billion in private investment since it started. Fox says the process began July 1, when states, territories and D.C. nominated tracts from an initial pool of 25,332 eligible tracts, 8,334 of them rural. The final list is roughly one quarter of the eligible tracts.
The quote. Treasury Secretary Scott Bessent said in a statement that the law gave "investors, entrepreneurs, and local leaders the long-term certainty they need to commit capital to communities that have been overlooked for too long."
What is available. Treasury has posted a full list and a map of the new zones, with poverty rate and median family income for each census tract.
Why it matters here. This is a tax incentive for investors in distressed and rural areas, announced two days after an election in which voters named the cost of living as their top concern. It works through private investment, not lower prices, and Fox's report does not say how it would reach household budgets.
What we could not check. We read Fox Business's report and not the Treasury guidance or the map. The $110 billion figure is Treasury's. We have not seen any independent review of what the program has delivered.