NEW YORK, NY—The US Impact Investing Alliance (USIIA) and theBeeck Center for Social Impact + Innovation at GeorgetownUniversity have released an impact measurement framework and a setof principles for Opportunity Zones.

The framework also defines best practices for managers seekingto invest in the designated Opportunity Zones around the country.Market participants will also be urged to share how and where theywill deploy capital and to maintain a focus on the policy'soriginal purpose: achieving positive economic and social outcomesin distressed communities.

Collaborating With The Fed, Others

Since July 2018, the co-authors collaborated with investors,asset managers, policy experts, academics, and communitystakeholders as they sought to create these Opportunity Zoneguidelines. Additional contributors came from The Federal ReserveBank of New York, Economic Innovation Group, the Urban Institute,Sorenson Impact Center, Rockefeller Foundation, EnterpriseCommunity Partners, Local Initiatives Support Coalition and severalwealth management platforms.