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Signs of Strong Interest in ‘Opportunity Zones,’ as Investors Await Regulations
Route Fifty: Investors and others interested in “Opportunity Zones” are eagerly awaiting federal regulations—expected out any day now—that are seen as a prerequisite for getting the nascent economic development program up to full speed.
Created under the massive tax law that President Trump signed last year, the initiative provides people and companies with a tax break on capital gains that they pour into special “Opportunity Funds.” The funds are supposed to then use that money to make investments in business ventures in lower-income communities designated as zones.
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