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Local leadership is key for successful Opportunity Zones for Economic Development

April 10, 2018View for printing

State and local leaders nationwide were surprised to learn that the Tax Cuts and Jobs Act, signed into law at the end of 2017, delivered them the most ambitious economic development investment incentive enacted since the Clinton Administration.

The new law empowers governors of every U.S. state and territory to designate "Opportunity Zones," comprised of low-income community census tracts, where certain investments will receive a federal tax benefit.

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