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Opportunity zones could spur investments in distressed areas

CINCINNATI HERALD — Congressman Steve Chabot (R – 1st District) has been meeting with local community leaders and organizations this past week about opportunities for local development through a new funding mechanism, opportunity zones.

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By Dan Yount

Congressman Steve Chabot (R – 1st District) has been meeting with local community leaders and organizations this past week about opportunities for local development through a new funding mechanism, opportunity zones.

Enacted within the year-old Tax Cuts and Jobs Act (TCJA), opportunity zones provide preferential tax treatment for certain investments made in designated localities with the goal of spurring economic development in distressed communities.

Senators Tim Scott (R-SC) and Cory Booker (D-NJ) were major proponents of opportunity zones as the tax debate unfolded. This provision also represents one of the most bipartisan pieces of the TCJA.

Map shows opportunity zones in Ohio. Provided

Map shows opportunity zones in Ohio. Provided

To become an opportunity zone, a locality had to be recommended to the governor of a state within a certain period, Chabot said. A locality was eligible if it met one of the following definitions: 1) a qualified low-income community using the same criteria as under the New Markets Tax Credit, or 2) a census tract that was contiguous with a New Markets Tax Credit community where the median family income of the tract did not exceed 125 percent of the contiguous New Markets Tax Credit locality. Only 5 percent of the total designated localities in any state can be selected from option number two.

Each state was limited to the number of Qualified Opportunity Zones that could be designated. Of the 1,280 eligible localities in Ohio, only 320 could be designated as an opportunity zone.

Chabot’ said his district – Ohio’s First Congressional District -has the third highest number of designated opportunity zones in Ohio with 28 (three tracts in the West End, along with tracts in Avondale, Bond Hill, Camp Washington, Corryville, South Cumminsville, Evanston, North and South Fairmount, Madisonville, parts of the Price Hill neighborhoods, Northside and Queensgate.)

Congressman Steve Chabot hosts an opportunity zone meeting in Lincoln Heights on March 19. Photo provided

Congressman Steve Chabot hosts an opportunity zone meeting in Lincoln Heights on March 19. Photo provided

There are over 8,700 total opportunity zones in the country. In total, there are approximately 35 million Americans living in these zones and they have an average poverty rate of 32 percent compared to the rest of the country with a 17 percent average poverty rate.

To spur economic investment in these designated zones, the TCJA created tax preferences for certain investments, Chabot said. First, a fund must be created for the purpose of investing in opportunity zone property. An opportunity zone property could consist of stock or partnership interest in a business located in a designated zone. Once a fund is established, there are a number of tax incentives, such as deferral of capital gains for reinvestments.

Congress and much of the nation are awaiting the next round of Treasury Department guidance, which is expected by the end of April. This new guidance should help clarify the types of property that are eligible as a qualified business property and the reporting requirements for divestments from a fund.

At a Lincoln Heights Roundtable hosted by Congressman Chabot Tuesday, attendees included community leaders and representatives from state and county agencies, development groups, financial institutions and small business organizations.

This article originally appeared in the Cincinnati Herald

Activism

OP-ED: AB 1349 Puts Corporate Power Over Community

Since Ticketmaster and Live Nation merged in 2010, ticket prices have jumped more than 150 percent. Activities that once fit a family’s budget now take significant disposable income that most working families simply don’t have. The problem is compounded by a system that has tilted access toward the wealthy and white-collar workers. If you have a fancy credit card, you get “presale access,” and if you work in an office instead of a warehouse, you might be able to wait in an online queue to buy a ticket. Access now means privilege.

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Bishop Joseph Simmons, Senior Pastor, Greater St. Paul Baptist Church, Oakland
Bishop Joseph Simmons, Senior Pastor, Greater St. Paul Baptist Church, Oakland

By Bishop Joseph Simmons, Senior Pastor, Greater St. Paul Baptist Church, Oakland

As a pastor, I believe in the power that a sense of community can have on improving people’s lives. Live events are one of the few places where people from different backgrounds and ages can share the same space and experience – where construction workers sit next to lawyers at a concert, and teenagers enjoy a basketball game with their grandparents. Yet, over the past decade, I’ve witnessed these experiences – the concerts, games, and cultural events where we gather – become increasingly unaffordable, and it is a shame.

These moments of connection matter as they form part of the fabric that holds communities together. But that fabric is fraying because of Ticketmaster/Live Nation’s unchecked control over access to live events. Unfortunately, AB 1349 would only further entrench their corporate power over our spaces.

Since Ticketmaster and Live Nation merged in 2010, ticket prices have jumped more than 150 percent. Activities that once fit a family’s budget now take significant disposable income that most working families simply don’t have. The problem is compounded by a system that has tilted access toward the wealthy and white-collar workers. If you have a fancy credit card, you get “presale access,” and if you work in an office instead of a warehouse, you might be able to wait in an online queue to buy a ticket. Access now means privilege.

Power over live events is concentrated in a single corporate entity, and this regime operates without transparency or accountability – much like a dictator. Ticketmaster controls 80 percent of first-sale tickets and nearly a third of resale tickets, but they still want more. More power, more control for Ticketmaster means higher prices and less access for consumers. It’s the agenda they are pushing nationally, with the help of former Trump political operatives, who are quietly trying to undo the antitrust lawsuit launched against Ticketmaster/Live Nation under President Biden’s DOJ.

That’s why I’m deeply concerned about AB 1349 in its current form. Rather than reining in Ticketmaster’s power, the bill risks strengthening it, aligning with Trump. AB 1349 gives Ticketmaster the ability to control a consumer’s ticket forever by granting Ticketmaster’s regime new powers in state law to prevent consumers from reselling or giving away their tickets. It also creates new pathways for Ticketmaster to discriminate and retaliate against consumers who choose to shop around for the best service and fees on resale platforms that aren’t yet controlled by Ticketmaster. These provisions are anti-consumer and anti-democratic.

California has an opportunity to stand with consumers, to demand transparency, and to restore genuine competition in this industry. But that requires legislation developed with input from the community and faith leaders, not proposals backed by the very company causing the harm.

Will our laws reflect fairness, inclusion, and accountability? Or will we let corporate interests tighten their grip on spaces that should belong to everyone? I, for one, support the former and encourage the California Legislature to reject AB 1349 outright or amend it to remove any provisions that expand Ticketmaster’s control. I also urge community members to contact their representatives and advocate for accessible, inclusive live events for all Californians. Let’s work together to ensure these gathering spaces remain open and welcoming to everyone, regardless of income or background.

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Activism

Oakland Post: Week of December 31, 2025 – January 6, 2026

The printed Weekly Edition of the Oakland Post: Week of – December 31, 2025 – January 6, 2026

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Big God Ministry Gives Away Toys in Marin City

Pastor Hall also gave a message of encouragement to the crowd, thanking Jesus for the “best year of their lives.” He asked each of the children what they wanted to be when they grow up.

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From top left: Pastor David Hall asking the children what they want to be when they grow up. Worship team Jake Monaghan, Ruby Friedman, and Keri Carpenter. Children lining up to receive their presents. Photos by Godfrey Lee.
From top left: Pastor David Hall asking the children what they want to be when they grow up. Worship team Jake Monaghan, Ruby Friedman, and Keri Carpenter. Children lining up to receive their presents. Photos by Godfrey Lee.

By Godfrey Lee

Big God Ministries, pastored by David Hall, gave toys to the children in Marin City on Monday, Dec. 15, on the lawn near the corner of Drake Avenue and Donahue Street.

Pastor Hall also gave a message of encouragement to the crowd, thanking Jesus for the “best year of their lives.” He asked each of the children what they wanted to be when they grew up.

Around 75 parents and children were there to receive the presents, which consisted mainly of Gideon Bibles, Cat in the Hat pillows, Barbie dolls, Tonka trucks, and Lego building sets.

A half dozen volunteers from the Big God Ministry, including Donnie Roary, helped to set up the tables for the toy giveaway. The worship music was sung by Ruby Friedman, Keri Carpenter, and Jake Monaghan, who also played the accordion.

Big God Ministries meets on Sundays at 10 a.m. at the Mill Valley Community Center, 180 Camino Alto, Mill Valley, CA Their phone number is (415) 797-2567.

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