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Urban Renewal Entities Disclosure Information

Urban Renewal Entities Disclosure Information

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Music we're pleased to welcome back by popular demand Leslie Anderson president and chief executive officer of an organization called New Jersey Redevelopment Authority which do we are a state financing Authority we provide financial and technical assistance to New Jersey's most distressed communities most urbanized community let's break this down there's something we're talking with the United States Senator Cory Booker about literally in the NTV studio yesterday he was talking about Jackie what are they calling Opportunity Zones yes Leslie Anderson talked to us about Opportunity Zones what where are these zones and what do they mean we have looked at there are a hundred I believe 135 zones designated by census tract in the state of New Jersey what the opportunity zones have the potential to do is tremendous what is going to allow is institutions that have high capital gain tax liability we'll be able to see a break in that tax liability when they make investments in projects in these

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