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来源类型 | Brief |
规范类型 | 简报 |
An Opportunity Zone Guide for Governors and a Case Study of South Carolina | |
Brett Theodos; Cody Evans; Brady Meixell | |
发表日期 | 2019-09-25 |
出版年 | 2019 |
语种 | 英语 |
概述 | Created by the Tax Cuts and Jobs Act of 2017, the federal government’s latest economic development incentive, Opportunity Zones, is currently in the beginning stages of implementation. While it has the potential to stimulate significant cash flow across the country, its success partially depends on localized execution. Restrictions on what investments qualify are light compared to other federal programs. |
摘要 | Created by the Tax Cuts and Jobs Act of 2017, the federal government’s latest economic development incentive, Opportunity Zones, is currently in the beginning stages of implementation. While it has the potential to stimulate significant cash flow across the country, its success partially depends on localized execution. Restrictions on what investments qualify are light compared to other federal programs. Because of the limited federal accountability, state-level policy potentially has a large role to play in facilitating capital flow into projects that 1) do no harm to communities and 2) bolster investments in communities in ways that benefit low- and moderate-income residents. To better guide governors when implementing policy related to the Opportunity Zones, Urban researchers have determined a five-step process to create thriving and supported Zones. Step 1: Select State-Level Guiding Principles Before implementing any policies, it is critical to have underlying principles guiding state decisions. The following are suggested values for every level of government to heed:
Step 2: Create Support Systems for Projects and Investments State governments have a few basic policy levers through which to shape how Opportunity Zones play out within their state.
Step 3: Assist Aspiring Opportunity Fund Managers Governors should support locally-focused fund managers while allowing the private market to ultimately determine winners and therefore encourage long-term sustenance. Support can come in various forms:
Step 4: Create Support Systems for Projects and Investments Individual or corporate investors can only place capital in projects if they know about the projects. States should help connect prospective investors and aspiring fund managers to projects that align with state priorities. |
主题 | Economic Growth and Productivity ; Finance ; Housing and Housing Finance ; Income and Wealth ; Neighborhoods, Cities, and Metros ; Taxes and Budget |
URL | https://www.urban.org/research/publication/opportunity-zone-guide-governors-and-case-study-south-carolina |
来源智库 | Urban Institute (United States) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/480747 |
推荐引用方式 GB/T 7714 | Brett Theodos,Cody Evans,Brady Meixell. An Opportunity Zone Guide for Governors and a Case Study of South Carolina. 2019. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
an-opportunity-zone-(347KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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