In the News

Trump Order Is Latest Effort to Bolster Opportunity Zones

Aug 26, 2020

The White House is highlighting a new executive order as the latest action taken by President Donald Trump to help poor communities, but critics say opportunity zones may not be the best target of such action.

The order, issued Aug. 24, directs federal agencies to give priority to opportunity zones and other distressed areas when considering where to locate offices and other facilities. Opportunity zones, established in the 2017 tax law to spur investment in low-income and distressed areas, offer capital gains tax breaks for financing projects within designated census tracts.

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