WASHINGTON—An unnoticed provision of the Tax Cuts and Jobs Act is designed to bring opportunity to underserved communities in the United States. The law creates a new program called “Opportunity Zones” that aims to help economically distressed areas suffering from lack of jobs and businesses.
Sen. Tim Scott (R-S.C.), who grew up in poverty in a single-parent household, sponsored the concept of Opportunity Zones. He introduced the bipartisan-backed Investing in Opportunity Act and made it part of Trump’s tax reform package.
