Another panel focused on how to leverage the new federal opportunity zone program to benefit the most disadvantaged neighborhoods. Echoing initiatives that NewDEALers have already undertaken in states from Maryland to Texas, Councilmember Amanda Edwards (pictured) discussed her leadership in Houston to ensure opportunity zone investments are “win-wins for everybody,” both for investors who need a means of making a profit, but also for the community itself.
Paul Major, President and CEO of the Telluride Foundation, emphasized that “You need to really think about being proactive about how you can start your deals to attract capital,” whether it’s zoning, government incentives, or technical assistance. “The capital is not just going to flow out there because the community is in need.”