Did you know that 52 million Americans (1 in 6) live in economically distressed communities? This is a major problem that Congress recently took a step to fix. Thus, Opportunity Zones were created in the Tax Cuts and Jobs Act of 2017.
Opportunity Zones are an innovative, flexible, and bipartisan solution for catalyzing private sector-led economic growth. In addition, they aim to connect low-income communities with much-needed capital.
In exchange, investors get a graduated series of federal tax incentives tied to long-term holdings.
Lastly, information provided by Ruben Alonso President of AltCap and Korb Maxwell with Polsinelli.