How a Tax Perk Can Turn a Paper Mill Into a Fish Farm

Place-based tax incentives, like the opportunity zones program or new markets tax credit, have the potential to correct economic disparity between thriving cities and communities hungry for capital investment. The Opportunity Zones tax break under tax code Section 1400Z has attracted avid interest from investors since its creation in the 2017 tax overhaul. John Lettieri, president and CEO of the Economic Innovation Group, a Washington-based think tank behind the opportunity zones program, talks with reporter Siri Bulusu about previous tax incentive programs, access to the American Dream, and some of the more interesting business proposals that would make use of the tax perk.