Growing Wealth in Opportunity Zones: A Proposal for Community Equity Trusts

Kofi Bonner; Bruce J Katz; Roberta Achtenberg; Lori Bamberger; Kate Gasparro

doi:10.17918/00010530

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Growing Wealth in Opportunity Zones: A Proposal for Community Equity Trusts

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Growing Wealth in Opportunity Zones: A Proposal for Community Equity Trusts

Kofi Bonner, Bruce J Katz, Roberta Achtenberg, Lori Bamberger and Kate Gasparro

09 Jul 2020

DOI:

https://doi.org/10.17918/00010530

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Abstract

The absence of wealth creation in the African American community is at the root of lingering social inequalities. Where racism is the “disease”, insidious, intergenerational poverty, and societal and health inequities are the symptoms. Any attempt to cure this disease must begin with an imperative to ensure clear pathways to family wealth creation, wealth that may be transferred from generation to generation, inherited, accumulated and capitalized. Any cure must also ensure that wealth arising from equity investments in communities of color is at least shared with, and not extracted via sophisticated financial instruments that continue to prey on, these ever-vulnerable communities. This, we believe, is the essence of equitable community development.

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Title: Growing Wealth in Opportunity Zones: A Proposal for Community Equity Trusts
Creators: Kofi Bonner
Bruce J Katz - Drexel University, Nowak Metro Finance Lab
Roberta Achtenberg
Lori Bamberger - ABK City Advisors (United States, Tiburon)
Kate Gasparro
Publisher: Nowak Metro Finance Lab, Drexel University; Philadelphia, PA
Number of pages: 11
Resource Type: Report
Language: English
Academic Unit: Nowak Metro Finance Lab; Lindy Institute for Urban Innovation
Other Identifier: 991021902028204721

Growing Wealth in Opportunity Zones: A Proposal for Community Equity Trusts

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