As the U.S. Treasury Department begins the process of implementing Opportunity Zones under the Tax Cuts and Jobs Act of 2017, it is essential that Opportunity Zones and Opportunity Funds benefit low-income residents and small businesses within the Zones — protecting the interests of those most susceptible to displacement that too often result from private investment.
 
Investments in Opportunity Zones should improve the lives of people living in or near poverty within the Zones, and allow all residents to fully participate, prosper, and reach their full potential. Using the following recommendations, city and state officials, equity advocates, philanthropic leaders, investors, and developers can ensure that investments are equitable and help prevent displacement.

We also encourage you to send your governor and/or the U.S. Secretary of the Treasury a letter to urging them to adopt these recommendations to ensure that investments in Opportunity Zones benefit low-income community residents.