The Financial Services Innovation Coalition (FSIC) invites you to join us for a roundtable discussion titled: ” Why Congress Should Postpone Implementation of Opportunity Zones and Consider Other Options”. This discussion will be held Friday, December 13, 2019 at The Rayburn House Office Building, Room 2168, Washington, DC from 1:00 – 2:30 pm EST.
Author Archives: Brady
Opportunity Zone Fairness and Inclusion Act – Dear Colleague Letter – Congressman Hank Johnson
Under current provisions for Opportunity Zones, investors, developers, and their financial advisors benefit at the expense of communities the law is designed to help.
The Tax Cuts and Jobs Act of 2017 established the Opportunity Zones Program as a tax benefit to incentive development in poor neighborhoods. By providing this preferential tax treatment to investors, economically-distressed communities were intended to benefit through job creation, new housing, and community development.
VIDEO: “Black Money Matters 2: Income, Income, Income! Panel” – CBC ALC 2019
“The Reason Opportunity Zones Won’t Work and What to do About Them” FSIC Senate Roundtable Luncheon
“We Won the Civil Rights Battle but are We Losing the Inclusion War?” Capitol Hill Roundtable Luncheon
Letter to Jamie Dimon of JPMorgan re: segregated investment funds
Dear Mr. Dimon,
We are writing you to express our concerns over your announced creation of your “segregated” fund for minority businesses. This effort concerns us greatly and we fear it sends the wrong message. We do not understand why you feel the need to segregate out your investments in minority businesses. Why is it you cannot invest in Black businesses as part of your regular business strategy?