Fulfilling the Promise of Opportunity Zones

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Fulfilling the Promise of Opportunity Zones

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More than a year has now passed since the 2017 Tax Cuts and Jobs Act encouraged investment in low- to moderate-income communities through Opportunity Zones, fueled by tax incentives. The policy put forward the exciting prospect of helping solve some of the country's most pressing challenges by unlocking the nation's pool of unrealized capital gains, estimated to be more than $6 trillion. The initiative has been hailed by both investors and community advocates as a generational opportunity, but is it achieving its original objective of investing in distressed communities? This panel will take stock of Opportunity Zones and their promise to create meaningful lives.

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Moderator

Aron Betru
Managing Director, Center for Financial Markets, Milken Institute

 

Speakers

Phil Bryant
Governor, Mississippi

 

Manny Friedman
CEO and Co-Chief Investment Officer, EJF Capital LLC

 

Brent McIntosh
General Counsel, U.S. Department of the Treasury

 

Richard Ressler
Co-Founder and Principal, CIM Group

 

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