Opportunity zone map

This map provided by the Community Development Financial Institutions Fund shows federally designated opportunity zones in Victoria. The blue-shaded areas are opportunity zones.

Residents can learn how to leverage federal tax incentives by investing in low-income areas throughout Victoria when the city of Victoria hosts an opportunity zone workshop from 8-10:30 a.m. Tuesday at the Leo J. Welder Center for the Performing Arts, 214 N. Main St.

Developers, investors, lenders, real estate agents and others with connections to property development are invited to learn more about this federal program, which will help encourage equitable development in Victoria.

The registration period has ended.

The “opportunity zone” designation was created under the federal Tax Cuts and Jobs Act of 2017 to incentivize the creation of new businesses, residential properties, mixed-use facilities and other types of developments in low-income areas. Opportunity zones in Victoria include census tracts located downtown, along U.S. 59 and along North Navarro Street near John Stockbauer Drive.

Local tax attorney Paul D. Carman with Chapman and Cutler will give a presentation about the program, and panelists representing different areas of economic development will provide further information and answer residents’ questions.

For more information about the workshop or to learn more about the opportunity zone program, call 361-485-3060. To learn more about the Victoria Main Street Program, visit victoriatx.gov/mainstreet.

Recommended For You

You must be logged in to react.
Click any reaction to login.

(0) comments

Welcome to the discussion.

Transparency. Your full name is required.
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article. And receive photos, videos of what you see.
Don’t be a troll. Don’t be a troll. Don’t post inflammatory or off-topic messages, or personal attacks.

Thank you for reading!

Please log in, or sign up for a new account and purchase a subscription to read or post comments.

To subscribe, click here. Already a subscriber? Click here.