Opportunity Zones have inspired hope for many, but also a growing fear. The hope is that the tax break will spur investment in distressed communities where real wages are falling and rents are rising, where small businesses are closing and inequality is widening. The fear, for proponents and critics alike, is that greedy speculators will run up the tab for taxpayers while harming current residents.
Assets in impact investing continue to surge, buoyed by increasing investor interest in aligning financial goals with social and environmental objectives. Today such assets represent as much as one in five of all U.S. assets under professional management. How do we know this? We have the data to back it up. Data is integral to the success of any program, product or policy, and to the continued functioning of the financial markets.
Impact Voices is an occasional series sharing the opinions of impact investing practitioners and leaders with ImpactAlpha readers. The views expressed in Impact Voices are the writers’ own, not ImpactAlpha’s. “Enterprise readiness” is commonly recognized as a precondition for an effective impact investment. It turns out investors as well could benefit from some support before they jump straight into executing impact investments with their advisors.