REPORT: Opportunity Zones Are Not Generating the Benefits That Underfunded Communities Were Promised

Industry News,

Opportunity zones are not providing the economic and community development benefits to underfunded neighborhoods that the program was intended for, according to a new report from the Urban Institute. The report was based on anecdotal evidence rather than hard data. Researchers conducted interviews with 70 stakeholders in opportunity zone investing around the U.S., including project sponsors, fund managers, investors, wealth managers, developers, philanthropies, and public and nonprofit agencies working with opportunity zones…

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