Ex-Obama Aide Starts Firm to Spur Investment in Poor Areas
- Steve Glickman was an architect of ‘opportunity zones’ measure
- His firm, Develop, will advise fund managers on new tax breaks
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Steve Glickman was a senior economic adviser in the Obama administration until 2013, when he set out to steer private capital to distressed parts of the U.S.
As the co-founder and chief executive officer of the Economic Innovation Group, a bipartisan Washington-based think tank, he helped lay the groundwork for recently enacted tax breaks that give investors incentives to devote money to real estate and businesses in roughly 8,700 low-income areas called “opportunity zones.”