Gov. Newsom says Trump-backed investment program could boost California

(San Francisco Chronicle)

Newsom is embracing the program, even though it’s one that the Trump administration championed as part of the 2017 tax cut law.  (Photo: Roland Li / The Chronicle)

Newsom is embracing the program, even though it’s one that the Trump administration championed as part of the 2017 tax cut law. (Photo: Roland Li / The Chronicle)

Gov. Gavin Newsom said Monday that a Trump administration program that provides tax breaks meant to spur investment in low-income areas could boost California’s economy.

Newsom said the Opportunity Zones program could help address two of the state’s major challenges: promoting energy investment to meet its climate change goals and providing funding for housing amid a shortage that has exacerbated income inequality.