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Tucked Into the Tax Bill, a Plan to Help Distressed America

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The Promise of Opportunity Zones

TESTIMONY BEFORE THE JOINT ECONOMIC COMMITTEE OF THE UNITED STATES CONGRESS  JOHN W. LETTIERI, CO-FOUNDER AND PRESIDENT, ECONOMIC INNOVATION GROUP  “The Promise of Opportunity Zones” May 17, 2018   Introduction Chairman Paulsen, Ranking Member Heinrich, and members of the committee: it is a pleasure to be with you today. I am the Co-founder and President of the…

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Opportunity Zones Good Result From TCJA, Sen. Booker Says

/   Joshua Rosenberg, Law 360

The “opportunity zones” created by the recent federal tax overhaul are Washington, D.C.’s best-kept secret and could be a game changer for low-income communities, New Jersey Democratic Sen. Cory Booker told Law360 Monday. … Joshua Rosenberg, Law 360 Read more here.

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Amid skeptics, CT bets ‘Opportunity Zones’ spur economic development

/   Staff, Hartford Business

Connecticut rarely misses a chance to avail itself of state and federal initiatives aimed at benefiting the most economically distressed communities and neighborhoods among its 169 cities and towns. … Staff, Hartford Business Read more here.

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Facilitating Economic Revitalization in Milwaukee

/   Congresswoman Gwen Moore, Press Release

Following the designation of 36 opportunity zones in Wisconsin’s 4th Congressional District Congresswoman Gwen Moore (WI-04) released the following statement: … Congresswoman Gwen Moore, Press Release Read more here.

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Zones in Ontario, Nyssa enable tax relief on capital gains

/   Staff , The Argus Observer

Ontario and Nyssa areas have been nominated to be opportunity zones under a federal tax incentive program to encourage investment in low-income communities. … Staff, The Argus Observer Read more here.

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Parts of Butte and Anaconda nominated for new investment incentive program

/   Annie Pentilla, Montana Standard

Economic development advocates in Butte and Anaconda are hoping a new program that offers tax breaks for those who invest in under-served areas will spur interest in the Smelter and Mining cities. … Annie Pentilla, Montana Standard Read more here.

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