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San José Fights for Opportunity Zones 2.0 Tracts as State Backs 15 of 36 City Picks

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Aerial view of downtown San Jose in the evening; Silicon Valley, South San Francisco Bay Area, California
Photo by Sundry Photography on iStock
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San José officials lobbied Sacramento and Washington to secure 36 priority census tracts under the newly permanent federal Opportunity Zones 2.0 program, but the state's initial cut included just 15 of them, leaving the city waiting on a Treasury decision this fall that will shape where tax-advantaged capital flows beginning in 2027.

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