City of Victoria to host an opportunity zone workshop on July 27

Deadline to RSVP is on July 21 by 5 p.m.
Vms Opportunity Flyer

VMS Opportunity flyer

VICTORIA, Texas – On July 27, the City of Victoria will host an opportunity zone workshop from 8 a.m. to 10:30 a.m. at the Leo J. Welder Center for the Performing Arts, located at 214 N. Main Street. During this workshop, residents can learn how to leverage federal tax incentives by investing in low-income areas throughout Victoria.

Developers, investors, lenders, real estate agents and others with connections to property development are urged to join the workshop to learn more about this federal program, which will help to encourage equitable development in Victoria.

The deadline to RSVP is on July 21 by 5 p.m. Contact Victoria Main Street Program Director Danielle Williams at 361-485-3060 to RSVP.

Created under the federal Tax Cuts and Jobs Act of 2017, the “opportunity zone” designation was created to incentivize the creation of new businesses, residential properties, mixed-use facilities and other types of developments in low-income areas. Opportunity zones in Victoria include census tracts located downtown, along U.S. 59 and along North Navarro Street near John Stockbauer Drive.

During the workshop, local tax attorney Paul D. Carman with Chapman and Cutler LLP will give a presentation about the program. Panelists representing different areas of economic development will provide more information and answer residents’ questions.

For more information about the workshop or to learn more about the opportunity zone programs contact Williams at 361-485-3060. Visit www.victoriatx.gov/mainstreet to learn more about the Victoria Main Street Program.

Oppzone Map

This map provided by the Community Development Financial Institutions Fund shows federally designated opportunity zones in Victoria. The blue-shaded areas are opportunity zones.