Jim Forsyth is quoted in the Pittsburgh Business Times on why Pittsburgh may be slower to capitalize on opportunity zones than other regions. According to the article, the slower momentum could be due to a lack of information, resources, and support from city officials. In contrast, cities such as Baltimore and Philadelphia are advancing opportunity zone efforts.
“PIDC (Philadelphia’s public-private economic development corporation) is actively pushing properties and helping to finance projects, encouraging folks to do deals,” said Jim. “In Pittsburgh, I don’t know if that’s happening. Hopefully, it’s just normal growing pains.”
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