The Opportunity Zone tax incentive provides a tremendous way to bring investments, jobs, business expansion, and new business development to your community. In order to amplify the impact of this tax incentive, the White House Opportunity and Revitalization Council was formed to better coordinate Federal economic development resources in Opportunity Zones and other distressed communities. The Council is exploring the ways in which Federal agencies can better partner with Opportunity Zone investors and provide some of the social services and other support that may be necessary for community revitalization to take place. Communities, investors, and entrepreneurs who want to effect change are not alone in this process.
The following Federal entities comprise the White House Opportunity and Revitalization Council:
Department of Housing and Urban Development
Department of the Treasury
Department of Justice
Department of the Interior
Department of Agriculture
Department of Commerce
Department of Labor
Department of Health and Human Services
Department of Transportation
Department of Energy
Department of Education
Department of Veterans Affairs
Environmental Protection Agency
Office of Management and Budget
Small Business Administration
National Economic Council
Council of Economic Advisors
Council on Environmental Quality
Appalachian Regional Commission
Delta Regional Authority
Northern Border Regional Commission