Opportunity Zones, a federal effort begun by President Obama and continued under President Trump, are billed as creating a new marketplace worth as much as $6 trillion via the 2017 Tax Cuts and Jobs Act. That legislation offers long-term equity investors sizable tax incentives for reinvesting capital gains in businesses and real estate located in low-income communities. The theory behind the act is that such reinvestment creates a more solid economic foundation for these communities.
While companies across many sectors of the economy have participated in the zones, Areu Bros. says it is the first in the entertainment industry. The company has a stated mandate to “support and nurture minority and women storytellers as well as innovators and creators by driving inclusion,