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Opportunity Zones provide three benefits with respect to local community and economic development.
- They offer an ability to act as a convening agent for a diverse array of stakeholders in thinking about community-level investments.
- Opportunity Zones additionally provide a tax incentive for capital gains.
- They also provide preferential consideration in federal grants, loans, and technical assistance programs.
In this talk, head of the Economic Innovation Group, John Lettieri, talks about the "forgotten zip codes" across America, and how Opportunity Zones can allow them to thrive. John's career in public policy has included time in both the public and private sectors working with a diverse set of policymakers, entrepreneurs, investors, and global business leaders. |
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Communities have seen all three of these benefits leveraged in a variety of ways to support a multitude of projects, from affordable housing and healthcare to small business development and renewable energy.
For communities to achieve the maximum benefit from the Opportunity Zone program, states and investors must be committed to the original intent of Opportunity Zones and endeavor to support impactful projects that incorporate community input and align with social impact goals.
What Are Opportunity Zones
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About The Author Michael Saunders is an editor of TopGovernmentGrants.com. He edits a site on Community Foundations that highlights the Social Progress Index for Counties around the country and Opportunity Zones within these foundations' areas of coverage. |
Additional Government Grants Resources
Smart Probation: Reducing Prison Populations, Saving Money, and Creating Safer Communities Program
In line with this mission, the Office of Justice Programs has recently established the Smart Probation: Reducing Prison Populations, Saving Money, and Creating Safer Communities Program in an attempt to substantially improve probation success rates, while simultaneously improve public safety, reducing returns to prisons and jails, and saving essential taxpayer dollars.
Community Development Block Grant Program for Indian Tribes and Alaska Native Villages
The Office of the Assistant Secretary for Public and Indian Housing within the Department of Housing and Urban Development, has recently established a funding opportunity entitled Community Development Block Grant Program for Indian Tribes and Alaska Native Villages (ICDBG).
Rehabilitation Mortgage Insurance Program
The Department of Housing and Urban Development, otherwise known as HUD, is a Cabinet department in the executive branch of the United States federal government.
Government Grants Within The United States Education Sector
The United States of America prides itself as having one of the top countries with the most efficient and functional educational systems. The US has been consistently working towards the improvement of the country's education-related initiatives.
Project to Combat Rural Exploitative Child Labor In Peru
The Office of the Assistant Secretary for Administration and Management has established another funding opportunity to support the Project to Combat Rural Exploitative Child Labor In Peru.
Government Grants Within the United States Food and Nutrition Sector
The issue of food and nutrition is considered as one of the most essential components of a successful community as it makes up most of a person's daily life. The United States understands this, which is why it has created several governmental agencies that are tasked solely to support and consolidate food and nutrition-related concerns.
Regional Ecosystem Prediction Program: Center for Sponsored Coastal Ocean Research
The United States Department of Commerce has recently constituted the development of the Regional Ecosystem Prediction Program, specifically the Center for Sponsored Coastal Ocean Research.
Social Entrepreneurship
Spotlight
The Social Innovators of 2014
For 2014, the Schwab Foundation for Social Entrepreneurship has recognized 37 individuals for their outstanding work in the field of social enterprise.
