Logan County is among the Ohio communities selected for new federal Opportunity Zone designations aimed at attracting private investment and encouraging economic growth.
Governor Mike DeWine and Ohio Department of Development Director Lydia Mihalik announced late last week that 260 census tracts across Ohio have been approved for the program.
Logan County received two of the new designations, opening the door for additional investment opportunities in the county.
The Opportunity Zones 2.0 program takes effect January 1, 2027, and offers federal tax incentives to encourage private investment in economically distressed communities.
The incentives are designed to attract projects involving housing development, business expansion, job creation, and community revitalization.
The new designations were approved by the U.S. Department of the Treasury after the DeWine administration submitted nominations for eligible areas across Ohio.
Originally established in 2017, the Opportunity Zones program encourages investors to put money into communities that could benefit from additional economic development. The new designations will remain in place through 2036.
According to the Ohio Department of Development, 96 of the newly designated census tracts are in rural communities.
All Ohio counties with eligible census tracts received at least one nomination.
Governor DeWine says the program will help communities attract investments, create jobs, and support new housing opportunities.
The new designations build on Ohio’s original Opportunity Zones program while expanding opportunities to additional communities across the state.
