Two Lake Elsinore Tracts Named in New Federal Opportunity Zone Round: Benefits Run 2027 Through 2036
The U.S. Treasury Department released its new Opportunity Zones 2.0 list on November 5, naming 6,576 census tracts nationwide, including 620 in California. Two tracts in Lake Elsinore, in Riverside County, California, made the list: one along the northern edge of Historic Main Street covering industrial properties in the Collier Road corridor, and another extending northeast toward Perris.
The new designations take effect January 1, 2027, and run through December 31, 2036; capital invested in the zones during that window qualifies for federal tax benefits. Lake Elsinore Economic Development Director Gina Gonzalez said the designation gives the city a new tool to attract private investment, and Councilmember Steve Manos voiced support. The city is promoting the two tracts to investors through its DreamLE initiative.
The Opportunity Zone program, created under federal tax law, is designed to draw long-term capital into communities seeking investment. Lake Elsinore's two tracts cover its old-town industrial corridor and its northeastern growth edge. (Source: City of Lake Elsinore)
Source: City of Lake Elsinore
Published by GSM · USA (original Chinese edition)
Photo: 图片来源：GSM 供图（James 提供），图中为 Lake Elsinore 市政厅 Image: GSM photo (provided by James); Lake Elsinore City Hall
