Tax breaks in opportunity zones could spark investments in parts of the Richmond area
Underinvested areas in Richmond are sparking interest with the promise of Opportunity Zones, an approach to economic resurgence, job creation, and wealth building in low income and distressed communities.
These are areas that have been under-invested in for a long time,” said Adam Northup, senior vice president for financial strategy at Virginia Community Capital, a community development financial institution. “It is a great chance for an investor to make a buck and do some good.”
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