• Create a limited number of Opportunity Zone designationsso that the scarcity drives value and encourages competi
tion, but encourage each zone to be as large as possible.• Establish minimum qualiﬁcation standards based onpoverty levels, unemployment levels and other objectivemeasures indicating a distressed area.• Winning districts will be awarded an Opportunity Zonebased on the ability of local entrepreneurs to identifybarriers holding them back. These will vary marketto market.• Only those in the zone know best what is holding themback. There will be no one size ﬁts all. The following areissues we hear most often and represent a few examples:•
Local permitting process is to slow and cumbersome.
All building codes, regulations, restrictions, and requirementsshould be reviewed from the standpoint of whether they impedeeconomic growth.
Minimum wage laws prevent many unskilled and inexperienced
workers (i.e. teens) from getting their ﬁrst job and prices them
out of the market
• Zoning laws are outdated and hold back development • Prevailing wage laws unfairly restrict the supply of labor • There should be more tenant control of HUD properties• Access to contracts and capital is skewed towards big business• Incentives that are anti family should be repealed.• Help should be based on a “hand up
”,rather than a “hand out”
• Allow not just local governmental authorities but communitygroups, churches, and private sector associations, to submitplans indicating how barriers should be reduced andincentives increased to best suit their local circumstances.This empowers the community to take action withoutrelying on the establishment to take the ﬁrst step.
• Applicants should demonstrate visibility and localsupport of proposals.