Economic Inclusion Roundtable: Is there Opportunity in Opportunity Zones?
About this Event
Opportunity Zones are an economic development tool established by the Tax Cuts and Jobs Act of 2017 with the goal of creating long-term investments in impoverished areas. There are 320 designated Opportunity Zones in Ohio. Opportunity Zones provide tax incentives for investors to re-invest unrealized capital gains into funds that invest within the designated Opportunity Zone. US investors currently hold trillions of dollars in unrealized capital gains in stocks and mutual funds alone— a significant untapped resource for economic development. This new source of risk capital can seed new startups, accelerate business expansions, create jobs, increase and improve housing options, and revitalize distressed communities.
But is there opportunity for all in Opportunity Zones? In our Economic Inclusion Roundtable recorded in September 2020, Levin researchers examine how Opportunity Zones can potentially spur economic development in distressed municipalities to advance inclusive economic growth.
Kristen Blazek, Coordinator of Student Recruitment
Dr. Tatyana Guzman, Associate Professor
Dr. Iryna Lendel, Director, Center for Economic Development
Dr. Robert (Roby) A. Simons, Department Chair and Professor
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Economic Inclusion Roundtable Series
Levin's Economic Inclusion Roundtable (EIR) series is part of a 2-year-long effort funded by the Gund Foundation, aimed at monitoring regional economic performance to advance inclusive growth throughout Northeast Ohio. The EIR seeks to establish a set of civic principles and policies that promote economic opportunity for marginalized communities based on ethnic origin, race, and limited access to assets. EIR brings together diverse political and economic voices to use data and established research to derive a guiding set of principles and policies that promote economic inclusion in Cleveland and Cuyahoga County.
This series is also supported by the US Economic Development Administration and is sponsored by the Levin College Dean's Diversity Council.
Did you miss one of our Economic Inclusion Roundtables? View past events from this series below.