Incarceration rates are higher in the US than any other country worldwide and sixteen states have more prisoners than they have capacity for. Some states have responded by investing millions into renovating and expanding existing detention centers as well as building new facilities. Based on building permit activity from BuildZoom's National Building Permit Database, we … [Read more...]
Opportunity Zones: Implications for Real Estate Development
What is the Opportunity Zones program? When the Tax Cuts and Jobs Act was enacted in December 2017, a new program was created with the goal of spurring economic development in low-income communities struggling with inadequate capital inflows. The program — called Opportunity Zones — aims to redeploy capital by creating new tax incentives for long term investment in … [Read more...]