The Tax Cut and Jobs Act, the most significant tax reform passed since 1986, brought about many changes, including the Opportunity Zone tax incentive. The impact that this new incentive could have on communities illustrates how quickly legislation can impact the places where we work and live. In this Spotlight, we've compiled resources, articles and events to help you get smart on this new incentive and learn about why it matters for communities.
Check out the IRS website to get up-to-date guidance around Opportunity Zones, including final designations and other topics.
Find mapping tools, fact sheets and information from the Economic Innovation Group, the organization that spearheaded the creation of this new incentive.
This report from the Governance Project outlines their plan of action for states to realize the full economic and social potential of the Opportunity Zone tax incentive.
In this article from the Urban Institute you can find their analysis of the eligible census tracts that are being selected by states, and their potential to have the largest possible impact on communities in great need of investment.
This article emphasizes the importance of including citizens in the process of designating Opportunity Zones and ensuring transparency around subsequent investments.
Enterprise's "Opportunity Zones: State and Local Policies to Prevent Displacement and Attract Investment" webinar discusses anti-displacement policies that ensure existing residents and businesses can benefit from, and participate in, the growth and economic development that occurs in communities.
LISC and the Urban Institute hosted Addressing the Opportunity Gap. Policy experts and community development practitioners gathered in Washington D.C. to examine possible impacts of the 2018 Tax Cuts and Jobs Act on resources available to families and communities.