The Office of the Governor of the State of Nebraska
12/10/2025 | Press release | Distributed by Public on 12/10/2025 21:21
Gov. Pillen Provides Statement and Information About 2026 Opportunity Zone Designations
December 10, 2025
CONTACT:
Laura Strimple, (402) 580-9495
Gov. Pillen Provides Statement and Information About 2026 Opportunity Zone Designations
LINCOLN, NE - Governor Jim Pillen released the following statement promoting Opportunity Zones and previewing the process the State of Nebraska will use to determine designations next year. Opportunity Zones are economic development tools established as part of the 2017 Tax Cuts and Jobs Act, signed into law by President Donald J. Trump to help promote investment and drive economic growth in low-income and/or economically disadvantaged communities. The initiative was extended and made permanent through the One Big Beautiful Bill Act (OBBBA) of 2025.
"Opportunity Zones are powerful tools that help create jobs and growth in areas that need new investment," said Gov. Pillen. "As we work through this process, we're grateful for President Trump's support of these community-changing efforts. We can help revitalize neighborhoods and build new, long-lasting opportunities - which are good for taxpayers across our state and great for Nebraska's economic growth too."
Updated data from the U.S. Census Bureau's yearly American Community Survey is scheduled to be released tomorrow, Thursday, Dec. 11 and will be used to determine Opportunity Zone census tract eligibility based on the poverty and income requirements outlined in the OBBBA.
It's anticipated that additional information will be released from the federal government about Opportunity Zone census tracts in early 2026, including the certification of which tracts are eligible.
Next spring, the Nebraska Department of Economic Development (DED) will issue additional guidance.
The U.S. Treasury Department will begin accepting Opportunity Zone nominations from states beginning July 1, 2026 and will have 90 days to review/approve. Census tracts approved by the U.S. Treasury Department for Opportunity Zone designation go into effect on January 1, 2027.
For questions, please contact [email protected].
The Office of the Governor of the State of Nebraska published this content on December 10, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on December 11, 2025 at 03:21 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]