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Investors Seeking Tax Breaks Skip Poverty-stricken Areas - News - Stroudsburg, Pa

by poconorecord.com posted 3months ago 38 views
WASHINGTON (AP) — A real estate investment firm co-founded by President Donald Trump's son-in-law and adviser, Jared Kushner, is betting big on the administration's Opportunity Zone tax breaks but isn't that interested in steering its investors to the poorest, most-downtrodden areas that the program seeks to revitalize. New York-based Cadre, in which Kushner still holds at least a $25 million passive stake, made it clear to potential investors in recent marketing materials that it doesn't plan to look for development deals in most of those zones because of their "unfavorable growth prospects."

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