ALBION — The Orleans County Economic Development Agency (OEDA) has announced a census tract in Orleans County has been designated as a Federal Opportunity Zone by the U.S. Department of the Treasury.
The tract, totaling 2,442 acres, includes the village of Albion and parts of the towns of Albion and Gaines.
“This Opportunity Zone is a welcome designation for the central part of the county,” said Jim Whipple, CEO of Orleans County Economic Development Agency. “The tax benefits give us new tools to attract potential investment here in areas that are particularly suited for more real estate, retail, commercial and cultural development.”
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