In this talk, head of the Economic Innovation Group, John Lettieri, talks about the "forgotten zip codes" across America, and how Opportunity Zones can allow them to thrive. John's career in public policy has included time in both the public and private sectors working with a diverse set of policymakers, entrepreneurs, investors, and global business leaders.
Opportunity Zones are an economic development tool that allows people to invest in distressed areas in the United States.
The purpose of the Opportunity Zone programs is to spur economic growth and job creation in low-income communities while providing tax benefits to investors.
Opportunity Zones were created under the Tax Cuts and Jobs Act of 2017. Thousands of low-income communities in all 50 states, the District of Columbia and five U.S. territories are designated as Qualified Opportunity Zones.
Taxpayers can invest in these zones through Qualified Opportunity Funds.
Michael Saunders is an editor of TopGovernmentGrants.com. He edits a site on Community Foundations that highlights the Social Progress Index for Counties around the country and Opportunity Zones within these foundations' areas of coverage.
Additional Government Grants Resources
All Children Reading Competition Program The USAID and AusAID has constituted the development of the All Children Reading Competition Program, wherein they seek to discover life-changing innovations that will potentially improve the reading skills and low literacy levels among primary grade children. Community Development Block Grant Program for Indian Tribes and Alaska Native Villages The Office of the Assistant Secretary for Public and Indian Housing within the Department of Housing and Urban Development, has recently established a funding opportunity entitled Community Development Block Grant Program for Indian Tribes and Alaska Native Villages (ICDBG). First Time Homebuyer Programs in Georgia In July 1996, the Governor and General Assembly made a vital decision to join together the Georgia Housing and Finance Authority (GHFA) with the Department of Community Affairs. Project to Combat Rural Exploitative Child Labor In Peru The Office of the Assistant Secretary for Administration and Management has established another funding opportunity to support the Project to Combat Rural Exploitative Child Labor In Peru. 2012 San Francisco Bay Area Water Quality Improvement Fund Since the year 2008, EPA has been running the San Francisco Bay Water Quality Improvement Fund Program wherein they administer funds through competitive grant programs in order to encourage and promote the protection and restoration of the San Francisco Bay Watersheds. Department of Housing and Urban Development: Continuum of Care Homeless Assistance Programs The CoC Homeless Assistance programs is designed to reduce the incidence of homelessness in established CoC communities, thereby the need to assist homeless individuals and families during the process of quickly transitioning to self-sufficiency and permanent housing. Small Business Administration's Loan Guarantees Program The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.