Through the Tax Cuts and Jobs Act of 2017, Congress created a new program called the Opportunity Zone Program, designed to provide tax incentives to investors who fund businesses in underserved communities. Earlier this year, Washington State Governor Jay Inslee approved Washington State’s Opportunity Zones. There are 139 census tracts in 36 Washington State counties designated as Opportunity Zones.

The Federal Reserve Bank of San Francisco is hosting Opportunity Zone Listening Sessions this week in Tacoma and Seattle to gather feedback from local business, government, Tribal and community leaders about potential investments and to identify needs within the community.

TACOMA | AUGUST 2, 2018 10:00 AM-12:00 PM REGISTER HERE

SEATTLE | AUGUST 3, 2018 10:00 AM-12:00 PM REGISTER HERE

During these listening sessions, you will learn about the Opportunity Zones Program and the Opportunity Zones located in the Tacoma and Seattle area. You will also have the opportunity to learn about the investment process, share your views on the designated Opportunity Zones and the type of investment you feel would benefit the community, and hear perspectives from local leaders.

Feedback gathered at these meetings will help the Washington State Department of Commerce as it plans a statewide Opportunity Zone workshop this October in Seattle.