Lima promotes $25 million Opportunity Zone investment program for companies and infrastructure

The City of Lima is promoting a $25 million capital commitment intended to support growing companies and community infrastructure projects in three Lima Opportunity Zone census tracts.

The Arctaris-Lima Opportunity Investment Program is the latest city-listed economic-development initiative involving Arctaris Impact Investors. The program focuses on census tracts 126, 129 and 141, making those the specific Lima neighborhoods identified for the investment effort.

What Lima has announced

The city’s description presents the $25 million as a capital commitment, not as a report that the full amount has already been spent. Eligible uses include investments in growing companies and community infrastructure projects.

For local businesses, workers and residents, the program could create opportunities for business growth, redevelopment and additional public-private investment in the targeted neighborhoods. The available material, however, does not identify particular companies, infrastructure projects or recipients.

It also does not provide expected job totals, a project-by-project spending breakdown, construction schedules or dates for infrastructure completion. Those details would be needed to determine how the commitment will affect employers, workers, taxpayers and nearby residents in practical terms.

Timeline and downtown housing connection

The approved source packet dates the program announcement to May 20, 2026. By August 7, 2026, the City of Lima was listing the Arctaris-Lima Opportunity Investment Program among its latest news items.

The city’s mayoral press-release archive separately lists a May 20, 2026 announcement of a downtown Lima workforce-housing project tied to Arctaris Impact. That announcement places workforce housing alongside the city’s broader economic-development focus.

The available records do not state how many housing units the downtown project would create, when construction would begin or whether the housing project is included in the $25 million Opportunity Investment Program. The two announcements therefore should not be treated as a single project without additional documentation.

What is known about the next step

The city’s latest-news listing confirms that Lima is publicizing the investment program, but the approved material does not establish a newer August implementation milestone. It also does not identify a recipient announcement or a public deadline for the program’s next stage.

For now, the confirmed development is a $25 million program aimed at growing companies and community infrastructure in census tracts 126, 129 and 141. Future city or project records would be needed to show whether capital has been deployed, which projects have been selected, how many jobs or housing units are expected, and when work will occur.