Advisory Board: Governing Board of the Green Empowerment Zone
Subject: Opportunity Zones 2.0
Presenter: Brian Coleman, Governor's Office of Business and Economic Development (GO-Biz)
Contact: (916) 716-4127
Information:
This is a verbal presentation.
Referral History and Update:
The Governing Board of the Green Empowerment Zone was notified at its last meeting on March 20, 2026, that the State of California would be releasing more information in the coming weeks/months on the process for being selected as an Opportunity Zone region.
On April 6, 2026, the U.S. Department of the Treasury and Internal Revenue Service provided guidance to States for nominating census tracts as qualified opportunity zones under the One, Big, Beautiful Bill: <https://www.irs.gov/newsroom/treasury-irs-provide-guidance-to-states-for-nominating-census-tracts-as-qualified-opportunity-zones-under-the-one-big-beautiful-bill>
At its last meeting on March 20, 2026, the Governing Board of the Green Empowerment Zone received an update from the UC Labor Center that included this map from the U.S. Department of Treasury of eligible Opportunity Zone Areas: <https://www.policymap.com/embed/widget/12163/DNAOEK4MOFUIAGJCCEX7MVRX9IRWBIKG>.
Recommendation(s)/Next Step(s):
RECEIVE Presentation from Governor's Office of Business and Economic Development (GO-Biz) on Opportunity Zones 2.0.