By Jim Sorenson
July 17, 2019
At the Sorenson Impact Center, we believe in the tremendous potential of opportunity zones (OZs) to deliver real, meaningful and lasting change to people and communities throughout our country. If we want to create a truly prosperous economic future for all, investment needs to flow to every part of our country, from the lands of the Makah tribe in the Pacific Northwest to Newark, New Jersey. OZs represent the means through which to do this by matching the ideas and potential of communities with the underutilized capital gains of investors.
There are, and will always be, those who approach OZs with less than altruistic motives. For these actors, the court of public opinion and final tranche of OZ related Treasury regulations awaits. However, for the rest of us, maintaining an unwavering commitment to the spirit of OZs for the equitable revitalization of distressed communities will be critical to their long term success.