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Opportunity Zones Skip Over Hard-Hit Rural Places
Foundation: Meyer Memorial Trust, Ford Family Foundation, Oregon Community Foundation
Opportunity Zones were created by the federal tax overhaul in 2017 to entice private investors to underserved areas.
The new program has already attracted $28 billion in investment capacity.
Three states, Kentucky, Alabama, and Texas, are seeking to sweeten the deal for investments in rural Opportunity Zones through proposed legislation enabling state tax credits on top of the federal ones.
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