Seven Spokane Census Tracts Designated as Federal Opportunity Zones

Spokane, WA, October 13, 2026 — Seven census tracts within Spokane have been designated as federal Opportunity Zones, a federal initiative aimed at spurring economic development and job creation in distressed communities. The specific census tracts selected were not detailed in the provided information.

The Opportunity Zones program, established by the Tax Cuts and Jobs Act of 2017, allows investors to receive tax benefits for investing in designated low-income communities. These benefits can include deferral of tax on previously earned capital gains and exclusion of capital gains on the appreciation of the investment in the zone if the investment is held for at least 10 years.

The program’s objective is to encourage long-term investments in these designated areas, which are identified based on economic indicators. The selection process for these zones is typically based on nominations made by state governors and certification by the U.S. Department of the Treasury.

Details regarding the specific goals for Spokane’s Opportunity Zones, the types of investments anticipated, or any local partnerships formed for the program were not provided. The timeline for investment or specific projects planned within these Spokane census tracts also remains unstated. Further information on the individual tracts and the strategic plans for their development is not yet publicly available.

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