Washington, D.C. (April 17, 2019)—Today, the Treasury Department released a new round of regulations for tax-favored investments in low-income Opportunity Zones. Additionally, President Trump delivered a speech about the innovative program at the Opportunity Zone Conference in Washington, D.C.
Alfredo Ortiz, president and CEO of the Job Creators Network, released the following statement:
This is exciting news for small business owners who are ready to expand and create jobs in America’s most distressed communities. Even with the booming economy, there are critical parts of the country who are being left behind and desperately need tax and regulatory relief to close the gap and grow. That’s where Opportunity Zones come in. Established by the historic Tax Cuts and Jobs Act, Opportunity Zones are a smart, free-market solution, one that will be even more successful thanks to the plan the Trump Administration announced today. It’s a credit to President Trump and his administration for keeping the pedal to the metal on this innovative program.