NYC dominates list of high-growth Opportunity Zones: report

New York City ranked as the top high-growth Opportunity Zone area, highlighting the disconnect between the federal tax program’s goal of encouraging investment in economically distressed areas across the country and its designation of zones in areas that are already developed. Opportunity Zone designations are based on census tracts, which are generally required to meet a low-income threshold or be next to another tract that qualifies, which has allowed certain high-income areas to be chained […]

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