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Economists who don’t have access to the tax return data have found a variety of ways to try to measure the impact of OZs in the first few years of the program, often comparing OZs with tracts that were eligible but not chosen by governors to be OZs. … And Matthew Freedman, Shantanu Khanna and David Neumark of the University of California, Irvine, looking at 2018 and 2019 data, found “modest, if any, positive effects of the Opportunity Zone program on the employment, earnings, or poverty of zone residents.”

For the full story, please visit https://www.brookings.edu/articles/whats-happening-with-opportunity-zones-in-the-reconciliation-bill/.