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Opportunity Zones Confirmed 

The U.S. Treasury Department has approved Montana's 25 Opportunity Zones as nominated by Governor Steve Bullock. 

In April 2018, Bullock nominated 25 areas of Montana for designation as an Opportunity Zone, after communities submitted proposals for consideration.

During the coming months, additional information will be released from the U.S. Treasury about this program as it is being developed. 

Here is the list of confirmed Census tracts. 

COMMUNITY

CENSUS TRACT

Billings, City of

30111000402

Bozeman, City of

30031001102

Butte, City of

30093000100

Great Falls, City of

30013010800

Helena, City of

30049000800

Kalispell, City of

30029001100

Missoula, City of

30063000201

Blackfeet Indian Reservation

30035940400

Crow Indian Reservation

30003940600

Flathead Indian Reservation

30089940300

Fort Belknap Indian Reservation

30005940100

Fort Peck Indian Reservation

30085940002

Northern Cheyenne Indian Reservation

30087940400

Rocky Boy's Indian Reservation

30041940300

Red Lodge, City of

30009000300

Lewistown, City of

30027030200

Libby, City of

30053000200

Shelby, City of

30101000200

Thompson Falls, City of

30089000200

Meagher County/White Sulphur Springs

30059000100

Wheatland County

30107000100

Miles City, City of

30017962000

Anaconda, City of

30023000300

Hamilton, City of

30081000600

Mineral County

30061964600

 

While only 25 tracts were allowed by the U.S. Treasury to be designated as Opportunity Zones, there may be resources available at Commerce to help you with activities based on the information and indication of the needs that you have in your community. Commerce would like to continue the conversation related to these activities and needs by offering to schedule a meeting to further discuss how we can help your community. Please send an email or call 406.841.2770 to schedule a conference call with our team at Commerce.

What is an Opportunity Zone?

The Tax Cuts and Jobs Act of 2017 established a new economic development program called Opportunity Zones designed to encourage long-term private investments in low-income communities. The program provides a federal tax incentive for taxpayers who reinvest unrealized capital gains into “Opportunity Funds,” which are specialized vehicles dedicated to investing in low-income areas called “Opportunity Zones.” 

The zones themselves are to be comprised of Low-Income Community Census tracts and designated by governors in every state and territory. The program has the potential to direct private capital toward distressed communities and serve as a catalyst for long-term, inclusive economic development. This may include downtown revitalization, workforce development, affordable housing, infrastructure, and business startup and expansion.  

Note: The U.S. Department of the Treasury has not completed it’s rulemaking on this program at this time and there have been periodic updates. All maps, lists and resources provided by the Montana Department of Commerce are for planning and application purposes only, and may be subject to change based upon final ruling. Additionally, the Montana Department of Commerce reserves the right to revise information contained on this website based upon changes to the federal regulations governing the program. Please check back to this page frequently for updates.

 

The State of Montana’s Role

The Governor of Montana may nominate up to 25 eligible Low-Income Community Census tracts for Opportunity Zone designation within the state. Census tracts are small, relatively permanent statistical subdivisions of a county with population sizes between 1,200 and 8,000. Their primary purpose is to provide a stable set of geographic units for the presentation of statistical data.

The State of Montana has 270 total census tracts. (Note that Opportunity Zones are defined by Census tracts, not by city or county boundaries. However, some census tracts in rural Montana may cover an entire county because of low population.) Of these tracts, 106* have been identified as Low-Income-Communities (LIC) based on the following criteria:

 

  • Tracts in which the poverty rate is at least 20 percent
  • or tracts in which the median family income does not exceed 80 percent of the statewide median family income if located outside of a metropolitan area
  • or tracts in which the median family income does not exceed 80 percent of the statewide median family income or the metropolitan area median family income, whichever is higher. 

*When determining the number of eligible Census tracts, the Montana Department of Commerce used data and maps from the CDFI Fund web page and the Opportunity360 web page. Due to slight data inconsistency, and intermittent and ongoing changes to the Opportunity Zone program at the federal level, this eligibility number may change.The Montana Department of Commerce has based the 106 eligible tracts on the Opportunity360 data set, updated as of March 1, 2018.


COMMUNITY DEVELOPMENT DIVISION | MONTANA DEPARTMENT OF COMMERCE
301 S PARK AVENUE | PO BOX 200523 | HELENA, MT 59620-0523 | P: 406.841.2770 | F: 406.841.2771 | TDD: 406.841.2702