Posts tagged tax cuts and jobs act
The Beeck Center Translates Real Estate Expertise into Opportunity Zone Success

As more OZ funds make their initial investments, Collins and the Beeck Center will continue in their work to facilitate equitable development throughout the country’s 8700+ opportunity zones. They’ve already seen success.

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Investors and communities win when they work together

There are currently 193 different opportunity zones in Los Angeles, and Garcetti believes they hold possibilities for everyone. As a US manufacturing hub, LA’s OZs offer investors a myriad of operating businesses for investment, as well as real estate. Likewise, with 24% of the city still living in poverty, the need for new capital from investors is substantial. The key to a successful outcome for both parties, Garcetti says, is to ensure development “is done with a conscience – involving local residents in the process, without displacing them, and providing jobs to local people.” 

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Opportunity Zones' Biggest Myths

Opponents of the legislation, argue that Opportunity Zones will benefit investors more than communities and pour fuel on to the flames of gentrification. To resolve some of this discrepancy between local excitement and national concern, let’s address some of the most common misconceptions about Opportunity Zones.

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