Can ‘Opportunity Zones’ Lift Up America’s Struggling Towns?
More than 8,700 areas across the nation have been designated as opportunity zones, according to Forbes, and estimates put the number of residents impacted at 35 million. But will this provision truly revive the deep malaise in some of these towns?
Could the incentive be a win-win for both investors and neighborhoods? Will the zones function as they are meant to on paper — helping struggling communities — or will they merely be a windfall for the wealthy? What will be the impact on longtime residents, small businesses and the quality of life?
“One of the things we’ve learned … is that it’s really hard, and it takes a lot of time, intention and real engagement with stakeholders.” –Margaret Anadu
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