A little-noticed provision of last year’s tax reform push is starting to take shape, and according to an Urban Institute researcher, has the potential to become the nation’s largest economic development program.
Opportunity Zones weren’t initially part of President Trump’s tax reform agenda, and were slipped into the Tax Cuts and Job Act by members of congress, according to Brett Theodos, a researcher at the Urban Institute.
But supporters believe that ultimately, this vehicle for investment can become a vital tool for communities that haven’t benefited from the recent recovery.
