Media Contact: Eunicia Baker, MPA - Senior Public Information Officer
City of North Miami
305-893.6511 Ext. 12160
ebaker@northmiamifl.gov

FEDERAL GOVERNMENT APPROVES THREE NORTH MIAMI CENSUS TRACTS AS “OPPORTUNITY ZONES”

North Miami, FL – 6/29/2018

Three census tracts encompassing the City of North Miami became designated Opportunity Zones on June 15. This comes after North Miami’s inclusion in Florida Governor Rick Scott’s request to the United States Department of Treasury to provide incentives to business investors, as part of the Tax Cuts and Jobs Act of 2017.   

North Miami’s three approved census tracts cover critical potential investment areas within the City’s Northeast industrial corridor and Northwest 7th Avenue business corridor. The Opportunity Zone designations within these three tracts provide incentives for investors to direct money into historically under-invested areas.   

“Designating these three census tracts as Opportunity Zones will provide an additional tool for economic development in our community,” said North Miami City Manager, Larry M. Spring, Jr.  “I believe it will promote further investment in our City and create a ripple effect on commerce, industry, tourism and the quality of life here.”   

Governor Scott submitted statewide nominations for Opportunity Zones to the U.S. Treasury Department on April 19, 2018. The Treasury Department certified the nominated Opportunity Zones earlier this month.   

For more information about the Opportunity Zones Program and a full list of Florida’s certified census tracts, contact the Florida Department of Economic Opportunity at (850) 245-7130.
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