Joseph Wutz

Principal at The Bonadio Group
On the record
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  • It takes a lot for any legislation to go through the whole process and get signed into law. If anything comes out of this, I think it’s going to be the reporting requirements, which is something that was originally intended to be in the original legislation for the opportunity zone incentives. What this would do is it would bring some accountability and measurability to the opportunity zone incentives. Any time you set a goal, you want it to be something that you can measure. The goal with this incentive is to revitalize and inject capital into economically distressed areas. We need some metrics in order to be able to look at this five, 10, 15, however many years down the road and say whether this is successful, or are certain census tracts getting more attention than others. How can we steer funds into census tracts that need revitalization more than others? I know that the designation of some of those tracts has come under scrutiny of late.

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