Senator Kamala Harris proposes to reform Opportunity Zones days before sharing the center of the presidential debate stage with Senator Cory Booker, one of the two bi-partisan authors of the Opportunity Zone legislation.
Reducing The Opportunity Gap
, Senator Harris states that as president she would reform Opportunity Zones. Specifically, she states that she would “set new goals to make sure funds go to minority-owned small businesses, prioritize lowest-income neighborhoods, prioritize hiring in those neighborhoods, and have safeguards to ensure that housing projects that are built actually contain affordable units.”
Additionally, Senator Harris states “she will ensure that information on this program is collected and made public to ensure the reformed Opportunity Zones program achieves the program’s goal of improving the opportunity for people and communities most in need.” This appears consistent withthat would require investors to provide the Department of Treasury with important data so that it can measure the social impact being made around the country as a result of Opportunity Zones.
Altogether, as the Democratic presidential candidates seek to set themselves apart, Senators Booker and Harris will be at center stage likely discussing this important legislation. This debate has the potential to raise the average Americans’ awareness of Opportunity Zones, which is good for all, red and blue.
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