Are Opportunity Zones Working?
When Congress created Opportunity Zones in 2017 as part of the Tax Cuts and Jobs Act, the promise was compelling: use tax incentives to redirect private capital into distressed communities that had been overlooked by investors. Seven years later, with the program recently made permanent by Congress in 2025, a crucial question remains: is it actually working? New research analyzing over 70,000 property transactions across the United States reveals that Opportunity Zones are delivering measurable impacts on real estate markets—with important nuances about where and how the policy succeeds.
Enterprise Zones: The Zombie Idea That Just Won’t Die
The election of Donald J. Trump to the presidency has left many observers in profound shock and has caused great alarm in city halls across the nation. Not surprisingly, many analysts have emphasized the degree to which Trump’s approach to cities will involve a sharp break with the past. By contrast, I want to suggest here that, though change is indeed in the offing in some domains, in the final analysis the forthcoming urban policies introduced by Trump’s secretary of HUD, Ben Carson, will prove all too familiar. Rather than a brave new world, cities are likely to find themselves back in the 1980s, where cuts, privatization, deregulation, and pro-business strategies will be given a major fillip. It is important to note that such a state of affairs, while having most in common with the Reagan years, would prove less of a sea change from the Obama administration than many liberals would like to admit.