Posts Tagged Federal Subsidies

Mar
16
2021

Sunshine Week: Lack of transparency and accountability casts shadow over Opportunity Zones

The idea behind the Opportunity Zones is to persuade individuals and corporations to invest their capital gains in projects in poor neighborhoods. In return, those investors receive lucrative federal tax breaks. No matter what one might think about this underlying idea of OZs, the execution and administration of the program has fallen short. Their pervasive lack of transparency and accountability is largely to blame.