DeVos Wants to Prioritize Education Funding for Opportunity Zones

SECRETARY OF EDUCATION Betsy DeVos wants to prioritize federal education funding for areas of the country that qualify as opportunity zones – a move that if finalized, could shift hundreds of millions of dollars away from some communities and to others.

As part of the 2017 tax law, the Trump administration has certified more than 8,700 opportunity zones, which provide tax incentives to attract investment in business or real estate located within certain economically disadvantaged neighborhoods with the goal of revitalizing those areas. But it’s unclear whether policies like opportunity zones actually benefit distressed communities at all, let alone move the needle on education achievement.

DeVos’ proposal, published Monday in the Federal Register, would give priority to applicants who propose projects in those opportunity zones for more than 80 education grant competitions, which collectively total more than $700 million.

Full story at US News