O’Halleran Applauds Proposed Opportunity Zone Designations in AZ-01
WASHINGTON – Today, Congressman Tom O’Halleran (AZ-01) commended the Arizona's decision to target 28 census tracts in Arizona's First Congressional District for the Opportunity Zone designation by the Department of the Treasury.
“There are communities throughout the First District that are yearning for good-paying jobs and a strong economy, but many have been left behind for years as they compete with urban, metropolitan areas," said Rep. O'Halleran. "The Opportunity Zone designation for these communities is an important step toward revitalizing these areas and creating jobs that can support the hardworking families."
Of the more 168 census tracts chosen for the Opportunity Zone designation, 28 are within Arizona’s First Congressional District. The Opportunity Zones program is based on the bipartisan Investing in Opportunity Act, of which Rep. O’Halleran is an original cosponsor. It will utilize tax incentives to increase long-term investments in regions with higher unemployment, poverty, and business growth.
“Families throughout the First Congressional District and across Arizona want their children and grandchildren to inherit a strong economy and quality jobs that last generations," continued O'Halleran. "As we plan for the future of our region and our nation, we must be willing to find innovative solutions like Opportunity Zones that encourage economic growth and job creation for our most rural areas."
Census tracts were designated in the following First District counties:
- Apache: 3
- Greenlee: 2
- Graham: 1
- Navajo: 3
- Pinal: 8
- Coconino: 7
- Gila: 3
- Yavapai: 1
More information on census tracts can be found here.
Read Rep. O'Halleran's letter urging Gov. Doug Ducey to designate rural First District communities as Opportunity Zones here.