Examining Opportunity Zones by Looking at Enterprise Zones of the Past

Abstract

The use of tax breaks to improve regions has an interesting and elaborate history. This paper goes through the creation of the concept, its past in America and the new national additions of opportunity zones in nine parts. Beginning with Part I, the background of EZs in the U.K will be explored. Followed by Part II which explains their introduction in the U.S. Then, Part III explains the restrictions and laws behind opportunity zones. In Part IV, the paper looks at Indiana enterprise zones. The discussion continues in Part V with a similar examination of Maryland's EZs. After explaining the two states' past with the policy, Part VI compares the results of both. Afterward, Part VII forecast the effectiveness of OPs through looking at the nation's past with tax-incentivization. Evaluating the ethics of the program, Part VIII elaborates on the possible gentrification. Lastly, Part IX wraps up the paper with the conclusion. [From Introduction]