Will “Opportunity Zones” Lift Neighborhoods Out of Poverty?

Stanford’s Rebecca Lester teams up with two graduate students to find out.

The $1.6 trillion tax cut that became law last December contained a sleeper provision that’s beginning to generate excitement across party lines, a rarity in today’s politics.

The obscure provision, which had bipartisan support, allows investors to reap big tax savings by re-investing cash from previous capital gains into low-income “Opportunity Zones.”

It’s not the first time that Congress has created tax incentives to attract investors to neighborhoods with high poverty, but Rebecca Lester at Stanford Graduate School of Business says this program could lure much more money than earlier efforts.

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