Opportunity Zones Are Knocking: Will Baltimore Be Prepared?
By Ben Seigel and Franco Estores
The Tax Cuts and Jobs Act of 2017 established a new, federal tax incentive for Opportunity Zones intended to spur investment in low-income communities. For cities like Baltimore, Opportunity Zones have the potential to be a valuable resource for inclusive growth. This white paper provides an overview and update of the Opportunity Zones program and current efforts underway in Baltimore, as well as recommendations for how the city can take full advantage of the program.