Goldman Sachs Doubles Projects In Opportunity Zones

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(Bloomberg) Few banks have been as aggressive as Goldman Sachs Group in pursuing new tax breaks available to investors in low-income areas designated as Opportunity Zones. On Tuesday, an executive at the firm suggested that its portfolio of projects eligible for the incentives has doubled since last summer.

Margaret Anadu, head of Goldman’s Urban Investment Group, said on stage at a Forbes summit that her firm has structured eight deals to take advantage of the incentives. That’s twice the number it said it had backed by last August.