Opportunity Zones (OZs) program is achieving its aims by attracting investments in social impact projects that might not be made without OZ incentives, according to the new OZ impact investing report from JTC Americas and OpportunityDb.
The survey found that nearly 70 percent of existing and aspirational OZ investors consider the program’s incentives enough to consider investments they would not otherwise make; what’s more, more than half (54 percent) would be willing to accept a lower financial return if they were investing in a good impact project, like OZs — and more than 30 percent would take a 25-plus percent reduction.
“The research shows that the Opportunity Zone program inspires investment in underserved communities that would otherwise be overlooked,” said Reid Thomas, chief revenue officer and managing director of JTC Americas, the largest provider of specialty fund administration solutions for OZs. “In the face of extreme social and economic
