Map Highlights Federal Infrastructure Investments in Opportunity Zoneseditor@aashto.org January 10, 2020 0 COMMENTS
The U.S. Department of Transportation unveiled a new interactive map on January 6 that highlights federal investments in major infrastructure projects located in and around opportunity zones; an economic development tool created by the 2017 Tax Cut and Jobs Act.
The USDOT said in a statement that it has spent the last two years addressing infrastructure needs within rural and urban “opportunity zones,” which are economically distressed communities designated by a state’s governor and certified by the U.S. Treasury Secretary.
The map is designed to highlight various completed and ongoing transportation projects in those zones – including highways, bridges, commuter/light rail stations, and intermodal facilities – to encourage further economic investment.
To date, USDOT said it has issued 13 Notices of Funding Opportunity that contain Opportunity Zones language; NOFOs that awarded more than $2 billion in fiscal year 2019.