Governor Abigail Spanberger announced additional opportunity zones earlier this month, part of a federal effort that gives tax breaks for new development. It’s a program that’s seen parts of Richmond flourish, but it’s not the sole silver bullet needed to address Virginia’s housing needs.
Governor Spanberger’s announcement describes the 153 new Opportunity Zones, recommended by her administration and approved by the federal Department of Treasury in early November as a chance for localities to quote “leverage federal incentives.”
“I look forward to seeing the new investment and economic opportunity this will bring to our Commonwealth,” the governor said in her announcement…