What’s New in Opportunity Zone 2.0?
Oregon’s Opportunity Zone 2.0 program is designed to unlock long-term investment in communities that need it most. Building on the success of the original Opportunity Zone initiative (Opportunity Zone 1.0 or OZ 1.0), this updated program offers enhanced incentives and transparency to ensure that private capital drives real, measurable improvements in housing, jobs, and infrastructure across the state.
Oregon partners with local governments and stakeholders to identify eligible census tracts, guide investors, and ensure projects align with statewide economic development priorities.
ENGAGEMENT OPORTUNITIES
We’re excited to connect with communities, investors, and local leaders as Oregon prepares for Opportunity Zone 2.0 selection process.
Engagement events and informational sessions will provide a chance to learn about the updated program, learn about the nomination process, and ask questions.
DOWNLOAD OZ 2.0 Companion Guide
OZ 2.0 – WEBINAR SERIES
CLICK TO VIEW – WEBINAR SERIES OVERVIEW
WEBINAR #1: Opportunity Zones 101 – The Basics & New Landscape (Pre-recorded) CLICK TO WATCH NOW
OZ Basics, OZ 1.0 vs. 2.0 Comparison, Eligible Tract Analysis & What’s Ahead.
WEBINAR #2: Oregon’s Opportunity Zone 2.0 Nomination Process (March 23, 2026) CLICK TO REGISTER
This session will provide an in-depth look at Oregon’s nomination process, including:
- Important deadlines and required application materials
- Best practices for preparing strong nominations
- Guidance on tract viability, aligning with local economic strategies, and building compelling community narratives
- Capacity considerations such as stakeholder roles, compliance requirements, and resource needs
WEBINAR #3: Attracting Private Capital & Investor Relations (April 2026) REGISTRATION OPENS SOON
Learn best practices for attracting private investment and understanding investor priorities, including:
- How to assess whether a tract is attractive to investors
- Building narratives that align community priorities with developer goals
- Demonstrating project viability and avoiding land-use constraints
Basics of financial structuring and post-designation management
LOCAL NOMINATION PROCESS
Oregon is committed to developing a transparent, data-driven process for selecting Opportunity Zone 2.0 tracts. As part of this effort, we anticipate inviting local jurisdictions—such as cities, counties, tribal governments, Economic Development Districts, and other eligible entities—to identify tracts within their communities for consideration. This list is not exhaustive, and additional guidance will be provided as the process is finalized.
LEARN MORE
Oregon is developing an interactive map that will display the finalized list of eligible census tracts for Opportunity Zone 2.0. This tool is expected to be available in March 2026.
In the meantime, to assist with early planning, stakeholders can use Novogradac’s OZ 2.0 Mapping Tool to view census tracts that are potentially eligible.
| Novogradac’s OZ 2.0 Mapping Tool |
QUESTIONS?
Business Oregon welcomes your questions about the Opportunity Zone program!
As they work through your questions and provide answers, we’ll develop a “Frequently Asked Questions” document for easy reference.
They encourage you to email with your questions and/or subscribe to our email updates by clicking the links below.
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