Opportunity Zones | WOSU Radio

Opportunity Zones

Tucked into the 2017 law intended to cut Americans' taxes was a program aimed at helping communities struggling with high unemployment and run-down housing.

What's not clear is who's actually getting the most assistance from it.

The program allows investors to defer and potentially lower their capital gains taxes in exchange for investing in designated low-income neighborhoods.

Lt. Gov. Jon Husted at the Opportunity Zones Showcase in Columbus, where he unveiled the marketing platform for opportunity zones to share details on places and projects available for investment.
Karen Kasler / Statehouse News Bureau

Ohio has launched a new portal for its 320 “Opportunity Zones,” intended to help economically distressed communities to showcase projects for potential investors.

An artist's rendering of "cargominiums" made from shipping containers.
NISRE, Inc.

A new Columbus developer will step in to complete a "cargominium" housing project, considered the first of its kind. 

Larry Obhof is sworn in as president of the Ohio Senate on Jan. 7, 2019.
Ohio Senate

The leader of the Ohio Senate says the “Heartbeat Bill,” which would ban abortion when a fetal heartbeat is detected, is one of his chamber’s priorities. It’s just not at the top of their list, which includes proposals aimed at cutting state regulations, adding environmental protections and reforming criminal sentencing laws.

Construction at River & Rich in Franklinton.
Nick Evans / WOSU

Columbus officials met with residents Wednesday to talk about "Opportunity Zones," a federal tax designation that allows investors to avoid capital gains taxes.

Nick Evans / WOSU

Housing and Urban Development Secretary Ben Carson toured Lakeisha Terry’s home in the Milo Grogan neighborhood on Friday morning. She showed off the backyard with new sod, the garage, and her two boys’ bedroom—with wall decals of their names above their beds. 

Construction near Ohio State's Wexner Medical Center.
Nick Evans

A federal tax incentive meant to drive private investment to neglected areas took effect in April for 43 Columbus-area Census tracts. So, why are some of those tracts already flush with private investment?

Opportunity Zones

Jun 1, 2018
Wikimedia Commons

Several states, including Ohio, have proposed neighborhoods that will undergo revitalization under a new federal program. The program encourages companies to invest in lower income and impoverished areas, calling them opportunity zones.

Today, we take a look at what the opportunity zone plan is and how the program can benefit areas in need.

Opportunity Zones

May 23, 2018
Wikimedia Commons

Several states, including Ohio, have proposed neighborhoods that will undergo revitalization under a new federal program. The program encourages companies to invest in lower income and impoverished areas, calling them opportunity zones.

Today, we take a look at what the opportunity zone plan is and how the program can benefit areas in need.

Nick Evans / WOSU

Standing on a corner in the Milo-Grogan neighborhood, Jack Kakura rattles off commute times—seven to 10 minutes to downtown, 10 minutes to the airport, maybe 15 to Easton.

Kukura, who directs investments for Ohio Capital Corporation for Housing, stands in front of two properties his organization developed a number of years ago and set aside as affordable housing for 30 years.