President Donald Trump
The resources of the whole federal government will be leveraged to rebuild low-income and impoverished neighborhoods that have been ignored by Washington in years past. Our goal is to ensure that America’s great new prosperity is broadly shared by all of our citizens.
Ben E. Carson, Secretary, Housing and Urban Development and Chairman of the White House Opportunity and Revitalization Council
There are still communities in our country that have seen little or no new investment in generations.
The Treasury Department estimates that the Opportunity Zone legislation could attract over $100 billion in private investment which will go a long way to spur on jobs and economic development.
Senator Tim Scott, Republican, South Carolina, Bill Co-Sponsor
I came out of one of these communities, so I believe that there’s untapped potential in every state in the nation.
Kevin Hassett, Chairman of Council of Economic Advisers
If it’s successful, we’ll look back 10 years from now and say this was one of the most important parts of the tax bill, and one we didn’t talk nearly enough about.