Baltimore Housing

Benefits, challenges ahead from Opportunity Zones in Baltimore, experts tell businesspeople

Benefits, challenges ahead from Opportunity Zones in Baltimore, experts tell businesspeople

There are chances to lure development to some long-ignored areas of Baltimore and other parts of the state that have newly created Opportunity Zones, but the money won’t automatically flow, a panel of experts told a crowd of businesspeople Monday.

Opportunity Zones were created under the massive federal tax law signed in 2017 and are designed to direct investment capital into struggling communities. They allow investors to defer or avoid taxes on capital gain if they put the profits into a fund and invest.

“It’s great that this was passed into law, but it’s execution that matters,” said Jimmy Kemp, president of the Jack Kemp Foundation, which supports the zones and hosted a...

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