Why is Port Covington an Opportunity Zone? | WYPR

Why is Port Covington an Opportunity Zone?

Aug 7, 2019

Governor Hogan designated Port Covington an Opportunity Zone.
Credit Sagamore Development

Opportunity Zones are the latest version of federal tax breaks for investors who put money into new businesses or housing in poor neighborhoods; the hope is the new projects will create jobs and revive stressed communities.

When the investigative news operation Pro Publica looked at the low-income, high-poverty census tracts that had won the tax break, one in south Baltimore stood out--the one planned to be UnderArmor’s new campus.

Pro Publica data reporter Jeff Ernsthausen shares the story. Ben Seigel of Baltimore’s development agency describes other budding projects, and Ashiah Parker of No Boundaries offers a view from Central West Baltimore.