By Annette White-Klososky
August 7, 2019
Opportunity zones have the potential to unlock an entirely new class of investors and bring high-tech, high-return AI companies to lower income communities in order to create jobs in and move capital to areas of poverty.
For investors in startups focusing on advanced technology such as AI that might take decades to develop, exit or go public, opportunity zone investment provides an amazing, low-risk opportunity.
The intention of the opportunity zone program is to “recycle capital into the economy that would otherwise be ‘frozen’ in place due to investors’ reluctance to trigger capital gains taxes,” and “bring investment and development to lower income areas that do not otherwise receive a great deal of attention.”