The private credit market has grown fivefold since the 2008 financial crisis, according to the Federal Reserve, and now sits somewhere near the $2 trillion-mark globally. In the last couple weeks, though, the market has gone a bit sideways.
It’s an ongoing problem: how to transform persistently poor parts of the country? Well a program coming out of the new tax law hopes to solve that problem. Today is the initial deadline for states to nominate “opportunity zones,” which will try to draw private investment to these areas. But the program may just make […]