Who is the “Opportunity” in Opportunity Zones actually for?

In late 2017, a little-noticed provision made its way into the Tax Cuts and Jobs Act, one that would give a tax break to wealthy investors who invest their money in economically distressed areas dubbed “Opportunity Zones,” or OZs. After 3+ years, investors have parked billions of dollars in OZ projects, but critics say the policy has failed to live up to its promise. A working paper by graduate students at UC Berkeley suggests that a lot of OZ investments are flowing to areas where gentrification is already well underway, and that the vast majority of the money is flowing to a tiny proportion of eligible zones.

Please see the full National Public Radio article at: https://www.npr.org/2022/04/14/1092906261/land-of-opportunity-zones