Governor Green designated 25 census tracts statewide under the federal Opportunity Zones 2.0 program, including two on Maui, to attract private investment into low-income communities. The program offers tax incentives for long-term capital investment, with a focus on housing, clean energy, and economic diversification.
- Two Maui census tracts, including Lahaina’s Front Street, were designated under the federal Opportunity Zones 2.0 program, which Hawaii secured through a Treasury appeal.
- The program provides federal tax incentives to investors committing long-term capital to designated low-income and rural communities.
- State leaders expect the designations to unlock hundreds of millions in private investment across housing, clean energy, healthcare, agriculture, and other sectors.
- Maui property owners in or near designated tracts may see increased development activity and investor interest in the area.
Source: Maui Now
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