Fixing America’s Forgotten Places
“That little nudge might just be forthcoming. A provision slipped into the Trump administration’s sprawling tax bill aims to transform places like census tract 06019000100 by luring private dollars to them. In Opportunity Zones, as they are called, investors will receive huge tax breaks for building office parks, warehouses, housing, grocery stores, and the like, helping to ease poverty and end blight in distressed communities. Despite being not much more than a remainder in the legislation, economists believe it could end up becoming the biggest place-based economic-development policy the federal government has.”