***Due to the Coronavirus-related orders issued by NC Governor Roy Cooper, the GCAA office is open on a limited basis. Staff will be available for drop-in visits on Tuesdays & Thursdays and are available by appointment only on Wednesdays. Staff will also be available by phone and e-mail. We thank you for your patience as we play our part in keeping our staff and broader community safe.***

 

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

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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