Monday | August 24, 2020

New Report: $75 Billion Committed to Opportunity Zones

WASHINGTON – U.S. Senator Tim Scott (R-S.C.), author of Opportunity Zones, released the following statement after the release of The White House Council of Economic Advisers’ assessment of Opportunity Zones.

"Opportunity Zones are the tools that are needed to combat poverty across this nation. After growing up in an economically disadvantaged neighborhood, I wanted to create opportunities for those who grew up like I did," said Senator Tim Scott.  “Based on The Council of Economic Advisers’ assessment of Opportunity Zones, nearly $75 billion of private-sector funds are expected to flow into the most vulnerable communities, creating more jobs and opportunities for many. I am looking forward to watching the revitalization of communities across our nation and watching more Americans achieve the American dream."

The full report can be accessed here.