EIG Report: OZ Investment Reached Nearly Half of Zones by End of 2020, Creating Economic Boost

Wednesday, March 22, 2023 - 9:30am

A special report released today by the Economic Innovation Group says that investment through the opportunity zones (OZ) incentive had reached nearly half of OZs by the end of 2020 and that communities receiving OZ investment were significantly more economically distressed than the rest of the country. Examining the Latest Multi-Year Evidence on the Scale and Effects of Opportunity Zones Investment provides information through 2020 and also highlights the positive economic spillovers for neighboring communities and that home values in OZs have increased with development, while rents have remained stable.

The Feb. 14 episode of the Tax Credit Tuesday podcast discusses Novogradac’s most recent report on qualified opportunity fund investment and other OZ hot topics.