Opportunity Zones - Yay or Nay?
Opportunity Zones are a new community development program established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide.
The program was created by Sean Parker, founder of Napster and President at Facebook. Opportunity Zones are all the rage in Silicon Valley because of the massive tax breaks.
Do you think Opportunity Zones will benefit residents of low-income communities? Or will they speed up gentrification and increase displacement?
Look forward to your replies!!