I just listened to Meb Faber’s podcast interview with Steve Glickman, CEO and co-founder of the Economic Innovation Group. At one point toward the end of the show, Steve refers to opportunity zone investing as having the potential to be “the biggest economic development program in U.S. history.”
He later added, “It will move 30 times as much capital as the next biggest economic development program that exists right now. And it may totally change the conversation we’re having about what’s happening in America.”
If you have 51 minutes, I highly recommend listening. It will give you a great understanding of the basics of The Investing in Opportunity Act, economic opportunity zones, and the tax incentives of investing in qualified opportunity funds.