Opportunity Zone Proponents Should Welcome Reforms, Not Fight Them

Olugbenga Ajilore makes the case for reforms to the existing opportunity zone incentive as well as the urgent need for accountability and transparency throughout the program.

The opportunity zone (OZ) incentive was initially touted as one of the most equitable parts of the 2017 Tax Cuts and Jobs Act. It was promoted as an economic development program that would lift up distressed communities throughout the country in both urban and rural areas. But there is increasing doubt as to whether the program is more than another tax giveaway for wealthy investors.

The above excerpt was originally published in Bloomberg Tax. Click here to view the full article.

The positions of American Progress, and our policy experts, are independent, and the findings and conclusions presented are those of American Progress alone. A full list of supporters is available here. American Progress would like to acknowledge the many generous supporters who make our work possible.