AJC Local In-Depth: Opportunity Zones
AJC Local In-Depth: Opportunity Zones

Atlanta receives $1 million to guide investment in distressed areas

Atlanta Mayor Keisha Lance Bottoms listens as Rockefeller Foundation President Rajiv J. Shah announces a $1 million award to help the city attract investment in economically distressed areas.
Atlanta Mayor Keisha Lance Bottoms listens as Rockefeller Foundation President Rajiv J. Shah announces a $1 million award to help the city attract investment in economically distressed areas.
By Stephen Deere and Scott Trubey
July 31, 2019

The City of Atlanta is receiving nearly $1 million to attract business and investment into the city’s most economically distressed areas.

The Rockefeller Foundation is awarding the city the money over a two-year period to promote responsible private investment created by Opportunity Zones, established under the 2017 Tax Cuts and Jobs Act.

There are 26 federally designated Opportunity Zones in the city that are home to 82,000 people.

The zones provide incentives to investors by deferring, reducing or eliminating capital gains tax if the gains are re-invested back inside the zone.

About the Authors

Stephen Deere covers Atlanta City Hall and Atlanta government.

Scott Trubey
More Stories

Keep Reading

Senate Majority Leader Steve Gooch introduces a bill to create an “America First” specialty license plate, Feb. 29, 2024. (Courtesy of Georgia State Senate video feed)

Credit: Screenshot, Georgia Senate

‘America First’ license plates will soon be available for Georgia drivers

A new Georgia license plate with the phrase "America First" will soon be available, but some lawmakers say the slogan is racist and antisemitic.

Trump legislation awaits decision from Kemp as Georgia veto deadline nears

Georgia Gov. Brian Kemp has a May 14 deadline to sign or veto bills that passed in the 2025 legislative session. Anything he ignores will become law.

OPINION

Patricia Murphy: Jon Ossoff jumps into the 2026 fray, with Trump looming large

U.S. Sen. Jon Ossoff will need loads of Democratic energy and crossover appeal to win in 2026. Donald Trump's return the White House adds a challenge- and an opportunity.

The Latest

Senate Majority Leader Steve Gooch introduces a bill to create an “America First” specialty license plate, Feb. 29, 2024. (Courtesy of Georgia State Senate video feed)

Credit: Screenshot, Georgia Senate

‘America First’ license plates will soon be available for Georgia drivers

Florida lawyer fined for trying to register for Georgia Senate runoffs

Georgia bill tracker: What will Gov. Brian Kemp sign

Featured

The Thanksgiving air travel period is on as passengers made their way through the airport Friday, Nov. 22, 2024. Traveling through Hartsfield-Jackson International Airport during the holidays can be an ordeal. Parking shortages could disrupt your plans and security waits can be long during busy periods, causing bottlenecks. Hartsfield-Jackson is advising travelers to get to the airport at least 2½ hours before their domestic flight and at least 3 hours before their international flight. (John Spink/AJC)

Credit: John Spink

Failed health inspections sent the Atlanta airport scrambling to fix problems

The Atlanta airport uses a “Quality Assurance Audit” to find potential food safety and customer service issues, but the bump in failures in 2023 and 2024 raises questions.

Trump legislation awaits decision from Kemp as Georgia veto deadline nears

Georgia Gov. Brian Kemp has a May 14 deadline to sign or veto bills that passed in the 2025 legislative session. Anything he ignores will become law.

Justices struggle with ‘awkward’ Georgia law in hair relaxer cases

Georgia Supreme Court justices grappled Tuesday with an “awkward” state law that could significantly limit hundreds of cases alleging harm from hair relaxer products.