New data on an expiring federal economic development program aimed at encouraging investment in distressed communities is renewing questions about its efficacy.
The Opportunity Zone Program fully expires in 2026 and has become a target for some Democrats and housing advocates trying to spotlight pieces of the 2017 GOP-led Tax Cuts and Jobs Act they say have been ineffective.
Skeptics contrast it with other incentives like the New Markets Tax Credit, arguing the program doesn’t properly target communities in need and instead just enriches wealthy investors.
The legislation was originally bipartisan, proposed by Sens. Tim Scott (R-S.C.) and Cory Booker ...
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