Bruce Katz & Jeremy Nowak · March 20
Seizing the Opportunity of Opportunity Zones

Over the past two months, we have visited 12 U.S. cities and counties as part of our New Localism book tour and met with public, private and civic leaders from dozens more.

In city after city, our discussions have quickly turned from a general synopsis of the themes and recommendations of the book to a specific discussion of a little-known tax incentive contained in the recently enacted Tax Cuts and Jobs Act of 2017 that focuses on attracting private investment to distressed communities. Given the emphasis in our book on the importance of organizing civic and private capital, this was not unexpected.