Opportunity Is Coming to a City Near You
The rollout of new tax incentives should prompt investment.
Opinion | Author: Steve Glickman
The federal government’s most powerful economic weapon is the tax code, and its most pressing problem is the ailing American Dream. Enter “opportunity zones,” economically distressed communities where new investments can receive preferential tax treatment. The incentives were quietly inserted into last year’s tax-reform bill. Treasury Secretary Steven Mnuchin recently predicted they could prompt $100 billion in private investment to low-income communities.