Sunday, October 13, 2019

In Pennsylvania, 'opportunity zones' struggle to live up to their intentions

The central premise of the program is simple: Offer wealthy investors generous tax breaks for putting money into real estate or businesses in distressed areas. Those areas were designated "opportunity zones."

In Pennsylvania, however, early signs suggest the program is not living up to the claims of transformative change and is unlikely to be a cure for the communities most in need of a boost. Instead, investors appear to mostly prefer areas already experiencing redevelopment, where the payday will be far greater.


No comments: