Fortune: Opportunity Zones aren't a program, they're a market

Rob Lalka, professor of practice and executive director of the Freeman School's Lepage Center for Entrepreneurship and Innovation, co-authored an op-ed in Fortune about Opportunity Zones, the tax-advantaged zones created in 2017 by the Tax Cuts and Jobs Act to spur economic development and job creation in economically distressed areas. While there has been criticism about the types of projects being developed initially in OZs, Lalka and his co-authors, Howard Buffett and Mark Newgarden, argue that it's up to private sector leadership to ensure that law achieves its intended purpose.
OZs can, and should, go beyond easy-to-finance luxury condos, but only private sector leadership can make that happen. Therefore, it is time for business leaders to go beyond the simplest deals by engaging with the communities in which they are investing, becoming serious about social impact, and getting down to the hard work of making this new market work for everyone over the long haul.
To read the article in its entirety, visit fortune.com:
https://fortune.com/2019/10/03/opportunity-zones-market-investment/
Interested in advancing your education and/or career? Learn more about Freeman’s wide range of graduate and undergraduate programs. Find the right program for you.
Recommended Reading
- Pierre Conner: The Future of Energy Is Now
- Meet the MBA Class of ’26: Joshua Christian
- What Can You Do With a Business Analytics Degree?
- Rob Lalka
- Carol Lavin Bernick to deliver 2025 R.W. Freeman Distinguished Lecture
- Diego Bufquin
- Ukrainian scholar to discuss economic impacts of war
- Join the Freeman School for Homecoming 2012
Other Related Articles
- WVUE Fox 8: How the Middle East conflict is affecting oil prices
- WDSU: Gas prices face uncertainty after US strikes on Iran
- Freeman announces new administrative appointments
- AACSB Insights: Reinventing Teamwork - AI in the Business Classroom
- Payments Dive: GENIUS Act is just the beginning
- The National Desk: CBS investigation finds hundreds of Meta platforms with ‘Nudify’ advertisements
- New Tulane study finds generative AI can boost employee creativity—but only for strategic thinkers
- Tulane study finds smaller companies get kinder online reviews - and empathy is the reason why