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Opportunity Zones: Economic Growth, Wage Increases, and Community Benefits Explained by Tim Scott

Aug 21, 2024
Senator Tim Scott joins hosts Troy Millings and Rashad Bilal to share his inspiring personal story and the motivation behind Opportunity Zones. He explains how these zones are designed to revitalize underserved communities by offering tax incentives to investors. The conversation highlights the remarkable impact of these zones, with $70 billion in investments bringing an average wage growth of 8% and a significant rise in property values. Scott emphasizes the need for continued support and financial education to maximize the benefits for residents.
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