Spring brought the possibility of new beginnings for U.S. communities that have been left behind, as March 21 was the first deadline for governors to choose up to 25 percent of their state’s most economically distressed communities to comprise Opportunity Zones. Once validated by the Treasury Department, these Opportunity Zones are eligible for private investment generated by capital gain tax deferments and other incentives tucked into the 2017 federal tax reforms.
The Brookings Institute
Anthony F. Pipa
Monday, April 16, 2018