Media Blackout After Trump Launches Urban Council To Invest $100 Billion in Black Communities…
December 15, 2018
For instance, you basically had to actively search to find any mention of the Opportunity and Revitalization Council, a $100 billion initiative to deliver growth in urban communities.
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According to the Baltimore Sun, the new program will offer breaks on capital gains taxes to investors in distressed zones — obviously a huge boost to predominately black and minority neighborhoods, which are still lagging in indicators like wage growth.The opportunity zones, Carson said, “are home to approximately 35 million Americans. The Department of Treasury estimates that the Opportunity Zone legislation could attract over $100 billion in private investment, which will go a long way to spur on jobs and economic development.