EIG Responds to Final Treasury Rules for Opportunity ZonesDec 19, 2019
Washington, D.C. – Today, the U.S. Department of the Treasury released a set of final regulations related to the bipartisan Opportunity Zones initiative, providing important clarity for investors in Qualified Opportunity Zones. The Economic Innovation Group (EIG) welcomes these new rules, which include major changes to previous rounds of proposed regulations.
“These regulations provide much-needed clarity for communities and investors alike, and will facilitate stronger levels of investment across a range of local needs in designated communities,” said John Lettieri, President and CEO of EIG. “The final rules include several significant improvements designed to make it easier to use Opportunity Zones for the purposes Congress intended.”
For more information on Opportunity Zones activity across the country, visit EIG’s website for a detailed overview of designated Opportunity Zones communities; explore our interactive Opportunity Zones Activity Map which highlights a sample of impactful investments, funds, and community initiatives; and learn about how Opportunity Zones are supporting the creation of affordable homes and community revitalization through EIG’s Opportunity Zone Development Profile series with the National Council of State Housing Agencies (NCSHA).
About the Economic Innovation Group (EIG)
The Economic Innovation Group (EIG) is an ideas laboratory and advocacy organization whose mission is to advance solutions that empower entrepreneurs and investors to forge a more dynamic American economy. Headquartered in Washington, D.C. and led by an experienced, bipartisan team, EIG convenes leading experts from the public and private sectors, develops original policy research, and works to advance creative legislative proposals that will bring new jobs, investment, and economic growth to communities across the nation. For more information, visit eig.org.