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

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New Economic Development Tool for Alexandria?

/   Dan Brendel, Alexandria Gazette Packet

Out of 12 that were eligible, four of Alexandria’s 38 census tracts have been identified as “opportunity zones” under the new federal tax law. As a nationwide incentive to increase private investment in economically distressed communities, capital gains reinvested in real estate and businesses in these zones will receive tax benefits.

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Accelerator For America To Meet In Las Vegas 6/25-26.

/   PR Newswire, Business Insider

Accelerator for America, a national non-profit focused on launching local initiatives on jobs and infrastructure that can be replicated city-by-city across the nation, will convene its Advisory Council in Las Vegas, NV on Monday, June 25 and Tuesday, June 26 at the United Brotherhood of Carpenters International Training Center.

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Here are the 8,700 census tracts certified as Opportunity Zones.

/   Dennis Price, Impact Alpha

It’s official: Some census tracts are more equal than others. The Treasury Department certified 8,700 census tracts across the U.S. that are eligible for investments by new Opportunity Funds, for which investors can defer and reduce their capital gains tax bills. The Economic Innovation Group, which pushed for the policy, has put together a searchable map and analysis of…

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Opportunity Zones: The Map Comes Into Focus

Key takeaways: The first phase of Opportunity Zones implementation is now complete: The U.S. Treasury Secretary has now certified the census tracts nominated by the governor of every U.S. state and territory and the mayor of Washington, D.C. For the next ten years, private investors will be eligible for certain tax benefits in return for…

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Impact investors mobilize around inclusive Opportunity Zones.

/   Dennis Price, Impact Alpha

The passage of the Investing in Opportunity Act created equal parts enthusiasm and anxiety. Now, worry has, at least in part, begun to shift toward a mobilization of resources, networks and identified best practices for effective community investment.

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Map plots Houston’s most economically distressed areas

/   Fernando Alfonso III, Houston Chronicle

A bulk of Houston’s most distressed areas can be found in the city’s northeast and southeast sides, according to an analysis by the Economic Innovation Group (EIG), a public policy organization founded in 2013. EIG’s Distressed Communities Index (DCI) took seven metrics and combined them into a single measurement of community economic well-being.

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