Fred Upton #WearYourMaskVerified account

Opportunity Zones are economically distressed rural & urban areas eligible for tax benefits aimed at spurring private investment, econ growth, & local jobs. The goal is to bring long-term, private-sector investment to the places & people who need it most.

For many years the tax code has provided various tax incentives to encourage economic development in low-income communities. In my neck of the woods down in #MI06, local development groups have a strong track record of leveraging these programs to benefit our communities.

Despite these efforts, communities in Michigan & across the country still lag behind in business & job growth. It’s time for new innovative approaches to bring investment to these areas. That’s where Opportunity Zones come in.