States and cities that are prepared to implement the Opportunity Zone program strategically are collaborating with investors and communities to prioritize social impact for low-income neighborhoods, doing all they can to avoid the ill-effects of gentrification.
, clearly outlining their preparations for OZ impact.
Nearly vacant American mall , an example of the downward trend of brick and mortar retail since the popularity of online shoppingBy having cities draw up Investment Prospectuses, Thomas explains, “We’re saying, ‘If you’re going to put capital into these communities, here are the communities that are ready, and these are the things the community actually wants to do.
State-level solutions are under way, too. During the first quarter of 2019, Maryland Governor Larry Hogan and his administration created an OZ Task Force that just held itsalign Opportunity Zone goals with state and local economic and cultural priorities,” According to a statement by Lt. Gov. Boyd K. Rutherford.
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