Opportunity Zone Investment Options Should Be Expanded
By Venroy July (December 3, 2020, 10:43 AM EST) -- President-elect Joe Biden's victory has been viewed in part as a repudiation of the Donald Trump presidency. However, while the electorate has indicated its disapproval of the former president's overall job, it is important to acknowledge the continued potential of an often highlighted Trump policy — opportunity zones.
Since its passing, the opportunity zone legislation has often been critiqued as a tax incentive for the wealthy that will not have the intended effect for the low-income census tracts that are the focus of the legislation. In the two and a half years since its passage, and with the COVID-19 pandemic crippling...
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