Alabama, Including Birmingham, Approved for New Round of Opportunity Zones
Alabama, including Birmingham, has been approved for a new round of "Opportunity Zones 2.0," designated by the U.S. Treasury and IRS. These zones, effective January 1st for 10 years, are intended to spur economic development and attract private investment into…
Birmingham, AL, November 10, 2026 — The U.S. Treasury and Internal Revenue Service (IRS) have approved Alabama, with Birmingham among the beneficiaries, for a new designation under the “Opportunity Zones 2.0” program.
This initiative, set to become effective on January 1st and run for a duration of 10 years, aims to foster economic growth and draw private capital into areas identified as distressed. The program operates by offering tax incentives to investors.
Within Birmingham, specific neighborhoods and sites highlighted for potential development include downtown Ensley and the north Birmingham Brownfield sites. These locations are among those designated to benefit from the program’s focus on revitalization.
According to the information provided, Birmingham was successful in its application process, receiving all 25 census tracts it had applied for. The designation of these zones is intended to stimulate investment and economic activity in these targeted communities over the next decade.
Story summarized from the original created by Josh Gauntt on www.wbrc.com, see more information here.
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