Opportunity Zones

/Tag: Opportunity Zones

Clarifying Community Benefits to Improve Place-Based Programs

Policymakers around the world are increasingly interested in place-based programs that use tax incentives, zoning regulations, and other measures to promote investment, economic growth, and positive changes in low-income, underdeveloped communities. Yet the towns and cities that have used the approach—exemplified by Opportunity Zones in the United States and Enterprise Precincts in Australia—have gotten mixed results. For one, the

Opportunity Zones could benefit both rich and poor

How can a formerly failing freshman in a South Carolina high school ultimately build a path to prosperity for millions of poor people nationwide? Through the U.S. tax code, of course. Born into poverty in North Charleston, South Carolina, and raised by a single mother, Tim Scott struggled economically and educationally early in life, like

What You Need to Know About Opportunity Zones

The Tax Cuts and Jobs Act (TCJA,) known for creating Opportunity Zones, is often celebrated for its potential to move billions of dollars into low-income communities. However, there remains an open question as to whether this program will ultimately serve to add value, or extract values, from these communities. Opportunity Zones (OZs) are defined as  “economically-distressed communities where