President Trump Signs Executive Order Promoting Opportunity Zones

13 December 2018 Legal News: Taxation Publication

President Trump signed an executive order yesterday that allotted additional federal resources toward the Opportunity Zone program. Specifically, the Order establishes the White House Opportunity and Revitalization Council, chaired by Housing and Urban Development Secretary Ben Carson, which will help streamline applications for communities to qualify for the investments. The council will work towards identifying federal resources and regulations to allow agencies to coordinate with state and local officials, as well as the Opportunity Zones’ stakeholders, and will prioritize opportunity zones in a variety of federal efforts, including loan guarantees, grant funding, infrastructure spending and crime prevention.