New Online Tool Identifies Opportunity Zones
With a new online mapping tool, the City of Visalia is making it easier to identify eligible investment opportunities and drive community development.
“Our Geographic Information System (GIS) Department has created a new, user friendly tool to identify eligible Opportunity Zones within the City,” shared Devon Jones, Economic Development Manager, City of Visalia. “The tool gives users the ability to identify eligible parcels, zoning, specific APNs, location of storm and sewer infrastructure, major streets and other pertinent GIS data.”
Opportunity Zones are a new tool for community development. Established in the Tax Cuts and Jobs Act of 2017, Opportunity Zones provide tax incentives for investment in designated census tracts through qualified Opportunity Funds.
“Visalia’s Opportunity Zones offer a variety of possible investment opportunities, including the entirety of both the Visalia Industrial Park and Business Research Park, and numerous residential, commercial, and office development opportunities across the northwestern and historic Oval Park area,” added Jones. “With our close proximity to both State Highways 99 and 198, Visalia is nearly equal distance from the ports of San Francisco and Oakland to the north, as it is to Long Beach and San Pedro to the south. Visalia is the ideal location for corporations who do a large amount of business between these ports or serve the CA market. Plus, it’s a great place to live and raise a family!”
View the new Visalia Opportunity Zones site, go here.