opportunity zones
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Opportunity Zones: Driver of Economic Development or Domestic Tax Shelter for the Rich?
09.10.19
BY HILARY GELFOND Introduction to Opportunity Zones As part of the 2017 Tax Cuts and Jobs Act, the Opportunity Zone (OZ) program was created as a mechanism to funnel investments into targeted low-income areas throughout the United States. Though the program was recently implemented, it has gained significant attention as a place-based policy that […]
New Tax Break Promises Opportunity—But for Whom?
07.10.18
BY ALYSSA DAVIS Although several U.S. cities and towns have undergone revitalization in the last decade, there are still many persistent pockets of concentrated poverty—distressed neighborhoods where outcomes are worse for residents across-the-board. The places where crime rates are higher, schools are low-performing, unemployment is high, and vacant storefronts abound. This has a devastating effect […]