A post by @SecScottBessent on X.

Treasury Secretary Scott Bessent said the Working Families Tax Cuts permanently renewed and strengthened the Opportunity Zones program, and announced a new round of zone designations meant to steer private capital into overlooked communities. Bessent framed the move as giving investors, entrepreneurs and local leaders the long-term certainty needed to commit capital, with the designations intended to expand economic opportunity, support job creation and unlock long-term growth nationwide. The announcement matters because Opportunity Zones rely on durable tax treatment to attract multi-year private investment, and the new designations reset where that capital can be deployed. What to watch next is how quickly investors respond to the newly designated zones and whether the permanent extension translates into measurable project pipelines and job creation in those communities.