Old tracks pass an abandoned building in Lansdale, PA. Photo by Sara Lee.

From Michigan to Pennsylvania there’s a stretch of abandoned industrial buildings collecting rust. That’s why it’s called the rust belt. In an attempt to revive Pennsylvania’s corroding economy, the state government created the Keystone Opportunity Zones (KOZ) in 1998.

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"As the unemployment crisis grinds on, states are trying to both lure and retain businesses by offering tax breaks, grants, cheap loans — just about anything (short of candy and foot massages) they can think of. But how many jobs do these expensive incentives actually create?"