Building Blocks Podcast: Opportunity Zones: Promises and Pitfalls
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The uncapped tax incentive of the Opportunity Zones Initiative has the potential to funnel an estimated $6 trillion in unrealized capital gains into qualified low-income census tracts across the United States. However, several questions have emerged throughout the nomination process, specifically around the creation of Opportunity Funds, selecting qualified census tracts, the potential for community displacement, and who exactly stands to benefit from this economic incentive program. On episode 5 of Building Blocks, Laurel Blatchford, Rachel Reilly, and Flora Arabo, deconstruct Opportunity Zones and explore the potential impacts.