Wednesday, April 27, 2022
Saito: Company Coordination And Alternative Zones
Blaine G. Saito (Northeastern; Google Scholar), Company Coordination and Alternative Zones, 48 Fordham Urb. L.J. 1203 (2021):
The Alternative Zone (OZ) program, which is designed to supply place-based fairness investments into sure low-income communities, has potential upsides and pitfalls. This system is sophisticated, and it implicates quite a few spheres of coverage experience. However at the moment, it’s principally administered by the Inside Income Service (IRS) as a tax program.
This Essay seeks to discover a technical-managerial answer to a few of the issues of the OZ program, and that’s company coordination. It could have the IRS and the Workplace of Tax Coverage (OTP) work with different businesses with experience in place-based funding packages to manage the OZ program. It outlines the advantages and potential issues of coordination and discusses what instruments may assist enhance this endeavor. It additionally proposes that the coordinated effort try to interact communities that dwell in OZs additional in guiding this system.
Conclusion
Company coordination is a managerial methodology consisting of assorted instruments that may assist enhance the administration and the operation of the OZ packages. Doing so would enable higher evaluation and program administration, stronger connections with different associated packages, and improved relationships between the federal authorities and communities. Certainly, given the truth that it touches so many alternative coverage spheres, OZs are ripe for coordination.
Whereas tough, such work is attainable by way of the correct use of managerial instruments. Bringing collectively the businesses of the IRS and OTP, HUD, USDA, the CDFI Fund, and doubtlessly others to work collectively will assist to construct a system of coordination.
Company coordination for OZs may assist make some marginal enhancements to this system. However extra importantly, company coordination may also help policymakers and others who need to enhance the OZ program discover efficient methods to make these modifications and enhancements. Company coordination additionally supplies a platform and framework upon which any coverage modifications can construct on the rising relationships between the tax businesses of the IRS and OTP and different businesses. This strengthened relationship ought to create long-lasting enhancements to the monitoring, administration, administration, and enforcement of the OZ program. Hopefully, as time goes on, coordination will proceed to spur additional coordination and innovation and the fruits of coordination may be mirrored in revisions and modifications within the OZ program itself.
https://taxprof.typepad.com/taxprof_blog/2022/04/saito-agency-coordination-and-opportunity-zones.html
