The Promise and Peril of Opportunity Zones

Location: Studio D
Date: Tue, April 16
Time: 10:30 AM - 12:00 PM

Organizer: The Greenlining Institute

The uneven recovery is leaving too many communities behind. One in six (52.3 million) Americans live in economically distressed communities — places struggling to attract capital and sustain economic opportunity for their residents. More than half of these areas contained both fewer jobs and businesses in 2015 than they did in 2000. New business formation is near its record low. The Great Recession led to a collapse in new business creation so severe that for the first-time companies were dying faster than they were being born. The recovery has done little to boost startup rates, which remain particularly depressed in low-income communities. What can equity groups do to shore up the positive potential of Opportunity Zones to benefit long- term residents and businesses while guarding against the biggest threats of gentrification and displacement?

In this session, a panel of national and local experts will discuss new research on the use of financial services within LMI communities and what the public sector, financial institutions and on-the-ground groups can do to ensure that financial services are better serving these communities.

Vehicles for Investment –– Sponsored by BBVA Compass