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U.S. President Donald Trump (L) shakes hands with Sen. Tim Scott (R-SC) (L) during a signing event of an executive order to establish the White House Opportunity and Revitalization Council look on Dec. 12, 2018 at the Roosevelt Room of the White House in Washington, D.C. Alex Wong/Getty Images
WASHINGTON—With incentives provided by the Tax Cut and Jobs Act, investors are eager to deploy money into opportunity zones, which are designed to bring investment and jobs to economically distressed areas.
The opportunity zones project has the potential to become the nation’s largest economic-development program. By offering substantial tax breaks, this new program encourages private funds to invest in poor communities.
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
