Emerald Coast Opportunity Zone Investments

THE EMERALD COAST OPPORTUNITY ZONE

A UNIQUE COLLABORATION

Opportunity Zones (OZs) are federally designated tracts meant to spur investment in undercapitalized communities.

Our region’s two Economic Development Councils (EDC) of Clallam and Jefferson Counties coordinated the efforts of 27 agencies – two counties, several cities, five local tribes, and multiple NGOs – to collaboratively establish the Emerald Coast Opportunity Zone (ECOZ). Our Governor approved our joint application and 14 census tracts now make up the ECOZ expanding our collective work even further. The exciting regional collaboration that formed the ECOZ holds tremendous potential. The partners of the Emerald Coast Opportunity Zone are working to attract investors of all types from around the nation who are considering investing their funds in businesses and real estate projects located in Opportunity Zones.  The overall goal is to create a positive social impact in our unique peninsula of Washington state.

RECENT NEWS

Updated Opportunity Zones 2.0 selection process timeline

The exact timing of Washington’s OZ selection process depends on the U.S. Treasury’s release of the official list of eligible low-income tracts. Below you will find a tentative timeline for Washington state’s activities related to the selection process:

  • January-February 2026: Commerce hosted community meetings and educational webinars to inform communities and encourage local feedback on OZ 2.0 census tract designation criteria
  • April 6: U.S. Treasury released the official list of OZ-eligible census tracts
  • April 28: Application window opens
  • May 28: Application window closes
  • January 1, 2027: New OZs made official