Set-Aside Alert news analysis:

‘OppZones’ vs. HUBZones -- Is it synergy or new competition?

The 2017 tax law created 8,700 Opportunity Zones in US

     The new Opportunity Zones created under the 2017 tax law could mean increased investment for some existing HUBZones and reduced investment for the rest, according to an analysis by Set-Aside Alert.

      Comparisons of the maps and of the number of zones in each program suggest that up to about half of HUBZones could overlap with Opportunity Zones.

      There currently are 8,700 census tracts designated as Opportunity Zones, and about 16,500 census tracts and other areas designated as HUBZones, including former military bases, disaster areas and rural counties.

      Geographic areas that are dual-designated as Opportunity Zones and HUBZones are likely to be more competitive in gaining investment and new business, because...more....