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Author Archives: Daniel J. Munoz

Newark officials warn against gentrification side-effect of opportunity zones

A panel of speakers, featuring Newark Alliance President and CEO Aisha Glover and Newark Mayor Ras Baraka, at the 2019 Forbes Opportunity Zones Summit in Newark in May 2019.

The feature of the 2017 federal tax cuts could be a massive boom for cities, but they need to be done in a way that they do not gentrify the city and push out longtime residents, Newark Mayor Ras Baraka said Tuesday at the Forbes Opportunity Zone Summit in Newark. “This whole concept of equitable development is constantly something that mayors have been struggling with all over the nation."

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