
In 2017, Congress passed the Tax Cuts and Jobs Act,[1] which included the Opportunity Zone tax incentives designed to spur investments in low-income census tracts. On October 22, 2019, Virginia Governor Ralph Northam announced the official launch of Opportunity Virginia.[2] Opportunity Virginia’s mission is specifically:
to encourage and enable investments with positive impacts in communities by ensuring fair and equitable access to resources and facilitating productive connections ...