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'Old becomes brand new': Opportunity zones might unlock rural America's economic potential

March 28, 2018View for printing

Buried more than 300 pages into the late December tax overhaul signed by President Donald Trump is what some officials think might be a route to economic prosperity for rural America.

A community development program written into the Tax Cuts and Jobs Act of 2017, these so-called "Opportunity Zones" are designed to encourage long-term private investments in low-income areas by providing federal tax incentives.

"It creates a powerful tool to draw capital off the sidelines and get it into communities. We know that genius is equally distributed in the United States of America, but capital is not,"

By ADAM BENSON abenson@indexjournal.com

http://www.indexjournal.com/news/old ... 2c4e12.html
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