Topic: Hq2

1 chapters across the catalog

03: Opportunity Zone
1:09:44 - 1:15:00

03: Opportunity Zone

Brookings Institute, Opportunity Zone Poverty Data

A report from the Brookings Institute reveals that 11% of designated Opportunity Zones have poverty rates below the national average, including affluent areas near Amazon's HQ2 and major universities. The hosts argue the program is a "wild west" for investors, requiring only 30% of a business to operate within the zone to qualify for tax breaks. They conclude the initiative is a vehicle for the rich to bring offshore money back to the U.S. under a tax-free umbrella.