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Opportunity Zones can deliver social impact. We just have to measure it.

As the election nears, Opportunity Zones (OZs) have been thrust into the spotlight once again, with politicians on both sides of the aisle debating the initiative’s effectiveness.    Its critics repeat a now-familiar charge: that the initiative doesn’t provide the social impact it purports to. This, they argue, is due in large part to the fact

Arctaris commits $40 million to Erie Opportunity Zones

ImpactAlpha, July 1 – Arctaris Impact Investors has launched a $40 million Opportunity Zone initiative invest in projects to revitalize the downtown corridor in Erie, Pennsylvania, including mixed-use real estate projects. The city of Erie has eight designated Opportunity Zones, “including some of the lowest-income zip codes” in the U.S., according to the Boston-based impact investor.

Opportunity Zone capital flows to real estate but not to small businesses – or impact

Almost two years after the capital-gains tax cut went into effect, the conclusion is inescapable: few dollars are flowing to projects promoting equitable development or in small businesses with the potential to create local wealth and jobs.