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What Are Opportunity Zones
by: Michael SaundersIn this talk, head of the Economic Innovation Group, John Lettieri, talks about the "forgotten zip codes" across America, and how Opportunity Zones can allow them to thrive. John's career in public policy has included time in both the public and private sectors working with a diverse set of policymakers, entrepreneurs, investors, and global business leaders. |
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Opportunity Zones are an economic development tool that allows people to invest in distressed areas in the United States.
The purpose of the Opportunity Zone programs is to spur economic growth and job creation in low-income communities while providing tax benefits to investors.
Opportunity Zones were created under the Tax Cuts and Jobs Act of 2017. Thousands of low-income communities in all 50 states, the District of Columbia and five U.S. territories are designated as Qualified Opportunity Zones.
Taxpayers can invest in these zones through Qualified Opportunity Funds.
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What Are Opportunity Zones
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About The Author
Michael Saunders is an editor of TopGovernmentGrants.com. He edits a site on Community Foundations that highlights the Social Progress Index for Counties around the country and Opportunity Zones within these foundations' areas of coverage. |
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In this article, you will discover the services offered by the Department of Commerce as well the different programs that could potentially help you in which ever way possible.
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