Clarifying Community Benefits to Improve Place-Based Programs

Policymakers around the world are increasingly interested in place-based programs that use tax incentives, zoning regulations, and other measures to promote investment, economic growth, and positive changes in low-income, underdeveloped communities. Yet the towns and cities that have used the approach—exemplified by Opportunity Zones in the United States and Enterprise Precincts in Australia—have gotten mixed results. For one, the