These programs had mixed results. Some zones experienced growth and transformation, while others did not. Their experiences, along with conversations with state and local government stakeholders and investors, suggest that opportunity zones may face challenges. Two of those challenges may be helping investors and other stakeholders understand and navigate the program, and ensuring that the benefits transform communities and help local residents. Learning from past programs, we believe that five actions can increase the chances of success. States, cities, and towns that employ these measures may be able to not only draw new capital into their communities but also entice businesses, jobs, and development that work to truly transform communities.
For more: https://www.mckinsey.com/industries/public-sector/our-insights/making-the-most-of-us-opportunity-zones?utm_source=SSTI+Weekly+Digest&utm_campaign=434a309375-EMAIL_CAMPAIGN_2019_04_25_03_43&utm_medium=email&utm_term=0_ecf5992d4c-434a309375-220101229