GSA to Prioritize Opportunity Zones for Federal Government Buildings and Leases
August 25, 2020
WASHINGTON — The U.S. General Services Administration will increase its investment into Opportunity Zones and other distressed communities for future federal government buildings and leases in support of yesterday’s Executive Order on Targeting Opportunity Zones and Other Distressed Communities for Federal Site Locations signed by President Trump.
“GSA has incorporated Opportunity Zones into the factors we consider since President Trump issued his initial Executive Order in 2018, which encouraged public investment into urban and economically distressed areas,” said GSA Administrator Emily Murphy. “We are excited to now officially include qualified Opportunity Zones in the list of priorities we formally assess when selecting sites. Yesterday’s Executive Order is consistent with GSA’s long term role in spurring economic development within the communities where our buildings are located.”
When seeking locations for future federal buildings and leases, GSA first prioritizes mission, cost, and security. Yesterday’s Executive Order instructs GSA to next prioritize Opportunity Zones, other distressed communities, and centralized community business areas, including specific areas recommended by local officials. By increasing its investment into Opportunity Zones, GSA will be able to help bring new economic activity to distressed neighborhoods and further save taxpayer dollars through cost-effective pricing. GSA will begin conducting rulemaking to further codify these changes.
About GSA: The mission of GSA is to deliver value and savings in real estate, acquisition, technology, and other mission support services across the government. One of GSA’s four strategic goals is to save taxpayer money through better management of federal real estate.