Much of South Side selected for ‘Opportunity Zones’

​​​BEXAR COUNTY – The Texas Governor’s Office has submitted a list of 628 Opportunity Zones in 145 counties to the Treasury Department for approval, including 24 of the 27 requested zones in Bexar County.

Opportunity Zones, which were created in the Tax Cuts and Jobs Act of 2017, are a community development tool meant to encourage long-term investment in low-income urban and rural ​communities.

The selected census tracts in Bexar County encompass Morgan’s Wonderland, The AT&T Center, Brooks, Port San Antonio, and most of Southwest and Southeast San Antonio.

Houston received the most Opportunity Zone approvals in Texas with 105.

Around Bexar County, Comal County received one, Atacosa County received two, Medina County received two, and Wilson County received one.

It is not clear how soon the Treasury Department will approve selected tracts as Opportunity Zones.