Thursday, April 6, 2023

New Analysis Finds Early, Positive Outcomes for Opportunity Zones

From Spotlight on Poverty and Opportunity

Created by the 2017 Tax Cuts and Jobs Acts, Opportunity Zones were designed to offer a new federal incentive to spur investment in low-income and undercapitalized communities. While there has been disagreement about the success of the policy, or even how best to measure success, a new analysis by the Economic Innovation Group of two recent papers on Opportunity Zones finds positive initial outcomes. EIG President and CEO John Lettieri and Director for Research Kenan Fikri spoke with Spotlight recently about the findings. The transcript (here) has been lightly edited for length and clarity.