Trends in New Investments in Underserved Communities
FUSE Executive Fellow, Opportunity Zones
Stacey Cumberbatch follows new investment in underserved communities very closely. As a FUSE Executive Fellow, she developed an Opportunity Zone strategy and laid the foundation for an ecosystem that will enable investments aimed at serving the residents of the struggling communities within Riverside County, California. Riverside County has the state’s third highest number of Opportunity Zones, which, can potentially benefit from tax incentives that encourage investment and economic development. To create high-quality jobs in key economic sectors, such as manufacturing, tourism, and technology, the Economic Development Agency (EDA) in Riverside County formed a partnership with the Center for Social Innovation at the University of California, Riverside to promote Opportunity Zones in the county.