Commercial Observer reports New York State has roughly 1,702 census tracts qualifying under OZ 2.0's tightened income and poverty thresholds, of which Governor Kathy Hochul's office can nominate no more than 426 for designation effective January 1, 2027. The piece urges local governments and stakeholders to engage Empire State Development and the Regional Economic Development Councils now rather than waiting for the late-September federal deadline, noting this round emphasizes strategic, data-driven tract selection over the 2018 process. New York's picks — especially in the five boroughs — will be among the most consequential of the cycle for institutional OZ capital.
Original reporting by Sarah Whitfield for Opportunity Zone Invest, an independent OZ 2.0 research site. Facts are drawn from the primary sources cited above per our editorial standards. Nothing here is tax, legal, or investment advice.
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