America’s New Emerging Markets

Treasury and IRS designated ‘opportunity zones’ in 18 states

Treasury Secretary Steve Mnuchin talks about the new U.S. tax code, during a briefing at the White House in Washington, DC on Jan. 11, 2018. The Treasury department approved submissions for Opportunity Zones in various states, a new incentive program in the Tax Cuts and Jobs Act. Mark Wilson/Getty Images

Emerging markets offer attractive investment opportunities, and now thanks to a provision of the new tax law, Americans will have a chance to invest in their own emerging markets and help develop under-served communities in the United States.

A little publicized incentive in the Tax Cuts and Jobs Act, which is designed to bring opportunity to economically distressed areas, has started to take shape.