SUPPORTING SMALL BUSINESSES IN PLACE

SUPPORTING SMALL BUSINESSES IN PLACE

How do lawmakers support small businesses most deserving of assistance in places most in need of governmental support? As a means for approaching this question, this Essay examines two recent laws--the Paycheck Protection Program and the Opportunity Zone tax incentive. The Paycheck Protection Progra...

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Veröffentlicht in:The Fordham urban law journal 2021-10, Vol.48 (5), p.1107
1. Verfasser: Barbieri, Edward W. De
Format: Artikel
Sprache:eng
Schlagworte:
Economic development
Government lending
Investment tax credit
Laws, regulations and rules
Low income housing tax credit
Market failures
Political aspects
Public health administration
Special economic zones
Taxation
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Zusammenfassung:How do lawmakers support small businesses most deserving of assistance in places most in need of governmental support? As a means for approaching this question, this Essay examines two recent laws--the Paycheck Protection Program and the Opportunity Zone tax incentive. The Paycheck Protection Program was the cornerstone of the CARES Act, designed to keep employees on payroll during the worst parts of the COVID-19 pandemic. The Opportunity Zone incentive was implemented to provide economic development stimulus to neighborhoods in need of capital investment following the Great Recession.
ISSN:0199-4646