Oregon has finalized its nominations for the next round of the federal Opportunity Zone program, known as Opportunity Zone 2.0, which is scheduled to begin January 1, 2027. According to Business Oregon, Governor Tina Kotek’s administration submitted a final list of 58 nominated census tracts to the U.S. Department of the Treasury on October 28, 2026.

The nominations represent the maximum number permitted under federal guidelines. Of Oregon’s 229 eligible census tracts, the state was authorized to nominate up to 25%, rounded up to 58. Each nominated tract was included in Treasury’s eligibility data, reflecting the state’s selection of communities positioned to benefit from future private investment and economic development activity.

For Klamath County, the Opportunity Zone 2.0 program presents a potential mechanism for attracting long-term private capital to qualifying areas. Designated census tracts could benefit from investment in commercial and industrial development, workforce housing, infrastructure improvements, and business expansion. These opportunities align with ongoing regional efforts to strengthen economic competitiveness, encourage job creation, and support community revitalization.

The state’s nominations have been submitted to the U.S. Department of the Treasury, although Treasury has not yet published its official Opportunity Zone 2.0 designation list.

Klamath County-specific designation details: Business Oregon’s final published list confirms that two Klamath County census tracts were nominated, both submitted by the Klamath County Economic Development Association (KCEDA):

• Census Tract 41035971800

• Census Tract 41035970902

Both tracts are classified as rural under the state’s Opportunity Zone 2.0 nomination list. This distinction is particularly relevant because the new program includes enhanced federal tax incentives for qualifying rural investments.