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Home » CUNA attends ‘Opportunity Zone’ conference at White House
Policy & Issues

CUNA attends ‘Opportunity Zone’ conference at White House

April 17, 2019

CUNA represented America’s credit unions at Wednesday’s Opportunity Zone Conference at the White House, an event featuring cabinet and other officials, along with state, local, tribal and community leaders. The Opportunity Zone program, created by the Tax Cuts and Jobs Act of 2017, encourages individuals and businesses to invest in 8,760 low-income communities designated “Opportunity Zones.”

President Donald Trump spoke at the event, calling Opportunity Zones a “crucial part of new tax law to invest and create jobs in the nation’s most underserved communities.”

Several administration officials also spoke, including Secretary of Housing and Urban Development Ben Carson and Treasury Secretary Steven Mnuchin.

The Treasury also released new Opportunity Zone guidance Wednesday designed to provide flexibility for investors and funds that invest in the zones, as well as certainty for stakeholders.

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Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

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