Friedman: Opportunity Zones will attract over $1 trillion in capital
Manny Friedman · Manny Friedman – EJF on Economic Opportunity Zones (EP.91) · Mar 18, 2019 · at 8:11
Manny Friedman, founder of EJF Capital, discusses the scale of unrealized capital gains in the United States and the impact of federal Opportunity Zone legislation.
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“Right now it's probably seven, eight trillion dollars, but it's growing in another two and a half trillion dollars every year, and so that over a period of time, we believe at least a trillion dollars of capital is going to flow from one area, one geography, to another geography, from one neighborhood to another neighborhood.”
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