Historically, economically distressed areas in the United States have been unable to attract new business, capital development, or other social investments. However, there is a solution in the form of “opportunity zones.” These zones serve as an economic development tool for investing in distressed areas of the country, and they have quickly become the most extensive federal community development incentive program in a generation.
During this session, Kenan Fikri, the research director for the Economic Innovation Group, will share the latest information on opportunity zone investment nationally and in Illinois. He will provide insights on how the investment landscape is evolving, where the incentive is most effective, and the future regarding policy changes.
Additionally, a representative from the Illinois Department of Commerce and Economic Opportunity will provide a brief update and shed light on state resources and information related to opportunity zones. Moreover, there will be ample opportunity for a question-and-answer session at the end of the event, allowing participants to address any specific queries they may have.
Presented by: University of Illinois Extension’s Local Government Education.