The new Opportunity Zone tax incentive was conceived as a tool to promote economic development, job creation, poverty reduction, and support for new businesses in areas of concentrated poverty. A couple years in, is it having the desired effects for small business stability and growth, especially for minority-owned legacy businesses?
There’s a lot happening at SGA this week and next—don’t miss these six chances to learn more, hear some vital discussions, and hopefully help fuel your own local advocacy for building sustainable, equitable communities. It starts tomorrow, Tuesday, October 20:
With investments from the Opportunity Zone tax incentive flowing into these newly designated zones for a few years now, our new report sought to find out: Are these investments supporting small business stability and growth, achieving the stated goal of place-based economic development and job creation in distressed communities? If not, why not? And what are the risks and rewards specifically for minority-owned legacy businesses within Opportunity Zones?
LOCUS & Smart Growth America recently launched the National Opportunity Zones Marketplace, an online resource to help facilitate equitable development and information sharing. It’s the latest evolution of our work to ensure that new investment in Opportunity Zones benefit existing residents the community at-large instead of displacing the people the tax incentive was intended to help. Watch the recorded webinar about how to use the Marketplace.
Smart Growth America and its LOCUS coalition of responsible real estate investors & developers today launched the National Opportunity Zones Marketplace to equip the local governments, real estate developers and investors, and community leaders in 13 communities across the country to work together to make smart, equitable development possible in Opportunity Zones—and beyond.
On Tuesday, February 18, LOCUS and Smart Growth America are launching the National Opportunity Zones Marketplace to facilitate and spur equitable smart growth development across the country, with a focus on Opportunity Zones.
The City of Greenfield and the Town of Montague in Massachusetts’ Pioneer Valley sought technical assistance through the first-ever Massachusetts Opportunity Zones Academy to help determine future equitable development project feasibility in their three Opportunity Zones.
The proposed South Salem Commuter Rail Station has brought a lot of attention to an underutilized area of land in Salem, which also happens to be a designated Opportunity Zone. During the inaugural Massachusetts Opportunity Zones Academy, SGA provided the City with three different development scenarios to consider for the land use and zoning near the proposed station site.
The towns of Barnstable and Yarmouth on Cape Cod worked with SGA’s Form-Based Codes Institute during the first-ever Massachusetts Opportunity Zones Academy to gain insight on how to take advantage of their designated Opportunity Zones to create a better sense of place within the two towns.
During the first-ever Massachusetts Opportunity Zones Academy, the City of Fitchburg brought new attention to its long-standing economic and community development initiatives, as well as its shovel-ready Opportunity Zone projects to potential developers and investors.