Impact Investing Offers Opportunity Zones Reporting Framework

Fran Seegull

NEW YORK, NY—The US Impact Investing Alliance (USIIA) and the Beeck Center for Social Impact + Innovation at Georgetown University have released an impact measurement framework and a set of principles for Opportunity Zones.

The framework also defines best practices for managers seeking to invest in the designated Opportunity Zones around the country. Market participants will also be urged to share how and where they will deploy capital and to maintain a focus on the policy’s original purpose: achieving positive economic and social outcomes in distressed communities.

Collaborating With The Fed, Others

Since July 2018, the co-authors collaborated with investors, asset managers, policy experts, academics, and community stakeholders as they sought to create these Opportunity Zone guidelines. Additional contributors came from The Federal Reserve Bank of New York, Economic Innovation Group, the Urban Institute, Sorenson Impact Center, Rockefeller Foundation, Enterprise Community Partners, Local Initiatives Support Coalition and several wealth management platforms.