It’s an oft-cited statistic that 75 percent of venture capital in the U.S. goes to just three states: New York, California, and Massachusetts — and it has for years. If it’s going to take years to close that gap, why not offer an incentive for investors to put their money in other places?
That’s the thesis behind Opportunity Zones, a tax incentive program laid out by Congress in last year’s Tax Cuts and Jobs Act.
