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Local leadership is key for successful Opportunity Zones for Economic Development

April 10, 2018 /

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The MDT Disadvantaged Business Enterprise (DBE) Program encourages and supports the participation of companies owned and controlled by socially and economically disadvantaged individuals in transportation contracts.

State and local leaders nationwide were surprised to learn that the Tax Cuts and Jobs Act, signed into law at the end of 2017, delivered them the most ambitious economic development investment incentive enacted since the Clinton Administration.

The new law empowers governors of every U.S. state and territory to designate "Opportunity Zones," comprised of low-income community census tracts, where certain investments will receive a federal tax benefit.

BY JOHN LETTIERI AND STEVE GLICKMAN

Local leadership is key for successful Opportunity Zones

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