NEW RIVER VALLEY, VA – Governor Northam announced the nomination of Virginia Opportunity Zones yesterday to the U.S. Department of Treasury. The Governor nominated a total of 212 sites (the maximum number allowed). There are 6 nominated Opportunity Zones in the NRV.
Click for full, interactive map. (via esri)
“Opportunity zones are an important federal tool to spur vitality in economic growth in communities across Virginia and we are committed to using them fully in this administration,” said Governor Northam. “By focusing on local and regional strategies, as well as Virginia’s diverse geography and economic opportunities, we selected a balance of zones that align with other state and local economic development and revitalization efforts. This ensures that Virginia is at the forefront of attracting new Opportunity fund investments.”
The Virginia Department of Housing and Community Development assisted in coordinating nomination process alongside the Virginia Economic Development Partnership.
For more information regarding the opportunity zones, visit the Governor’s website.
Virginia’s New River Valley: For those searching for an inspiring place to live and do business, Virginia’s New River Valley provides both an eclectic small town atmosphere and an innovative, collaborative business community with a loyal, highly skilled, and educated workforce. Offering the best of all worlds – magnificent mountains, cutting-edge research, arts, entertainment, and education – it’s A NATURAL FIT.
Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.