Updated: Jan 21, 2020
Last night, Karp Strategies attended an insightful panel hosted by CoreNet Global that delved into the potential impacts of Opportunity Zones in New York. The panel, comprised of Brian Schwagerl, Brandon Lacoff, Michael Lohr, and Steve Polivy discussed the strategies they are pursuing to capitalize on this new tax incentive while recognizing the challenge of pursuing equitable development in Opportunity Zones. The panel surfaced a number of questions around Opportunity Zones in practice and in theory. We were especially interested in exploring:
How can we prevent displacement in Opportunity Zones and ensure there are measures in place for affordable housing, local hiring, and small business sustainability?
What steps are being taken to provide residents within and adjacent to Opportunity Zone investments with jobs and long-term workforce opportunities?