Today, the inaugural ForbesOppZones Summit is convening visionary leaders to explore how to unlock transformative economic potential and create lasting change in America’s overlooked communities. Here's what you need to know about Opportunity Zones:
; a seed stage investment fund focused on helping low-income families generate better access to health care, education, and financial services — taking a start up approach and working with early stage companies. He was born in a now-designated OZ, went to college in an OZ, and most recently was married in an OZ.
One of my mentors told me that you really need to follow policy, because policy is how capital moves. If you think about mortgage interest tax deduction, that’s why we have such a huge single family home real estate economy. You look at 401ks, that's why we have this huge retirement market. It’s all because of government incentives. So I see opportunity zones as very structural incentives that can have sweeping effects around impact investing.
I’d like to see a good blend of broad-based ownership for employees and contractors, training and apprenticeships, and general acknowledgement of existing community efforts. A lot of people are doing these things, but they are on the margins. The question is: how inclusive is this investment? To what extent? Remember why this program was created in the first place. It’s about helping those left behind in our economy. Period. So each investment should do something meaningful to help disadvantaged people get ahead.
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