👉 The LOT Project, or the Local Opportunity Tax Project, is an initiative designed to create jobs and stimulate economic growth in low-income communities by taxing large corporations that operate within these areas. These corporations are required to pay a portion of their profits into a fund dedicated to hiring and training local residents, thereby fostering economic development and reducing unemployment. The project aims to ensure that the benefits of corporate presence in these communities are shared, promoting equitable growth and improving living standards.
