Few issues have captured the attention of city leaders like “opportunity zones.” But for many cities, towns and villages, there is more confusion than clarity. NLC is pursuing a new line of work to help cities understand and maximize the local impact of opportunity zones for all residents.
The opportunity zone program was created under the 2017 Tax Cuts and Jobs Act to provide local and national investors with a tax incentive for investments in economically distressed areas of the country. More than 8,700 opportunity zones have been designated across all 50 states for the next 10 years.
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