The early returns from the first year of Opportunity Zone investments show that the incentives supported tens of billions of dollars in investment capital.
Image source: Economic Innovation Group
Last week, Opportunity Zones (OZ) watchers received the clearest look yet at the map and magnitude of investment that utilized the new incentive in 2019 thanks to a novel working paper by two economists at the University of California-Berkeley. The early returns from that year show that the incentives supported tens of billions of dollars in investment capital and achieved an extensive geographic reach before final regulations were in place.