Opportunity Zone rules aim to draw capital to distressed areas

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THERE ARE 25 approved Opportunity Zones in Rhode Island, including Downtown Providence and much of the city's waterfront.. / COURTESY R.I. COMMERCE CORP./GOOGLE INC.
THERE ARE 25 approved Opportunity Zones in Rhode Island, including Downtown Providence and much of the city's waterfront.. / COURTESY R.I. COMMERCE CORP./GOOGLE INC.
NEW YORK – It will be easier to invest in businesses and real estate in low-income communities throughout the United States now that the Trump administration has released rules for a tax break to encourage economic development in distressed areas. Wall Street banks, private equity firms, real estate developers and others have been eagerly awaiting…

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