The Tax Cuts and Jobs Act included a new federal incentive—Opportunity Zones—meant to spur investment in undercapitalized communities. Any corporation or individual with capital gains can qualify.
Source: TPC
As of March 2019, more than 230 so-called “opportunity funds” are collectively seeking to raise upward of $25 billion across a range of investments.
Source: Mckinsey & Company
“federal rules have made it clear that green economy projects — such as local power generation, microgrids, EV charging stations and energy storage — are eligible for OZone investment.”
Source: Green Biz
Education Policy notice on Opportunity Zones
The U.S. Department of Education recently published a notice in the Federal Register announcing its intent to prioritize federal education funding across 80 discretionary grant programs for areas of the country that have been designated as Opportunity Zones.
Source: AEIdeas
It’s no secret that the opportunity zone (OZ) program has garnered tremendous attention. Did you know it may hold even greater rewards for serial entrepreneurs, owners of existing improved commercial real estate and others investing in new or existing OZ-located businesses?
Source: Accounting Today
“Opportunity Zones have the ability to enhance thousands of communities and improve millions of lives across the country,” said HUD Secretary Carson. Link:http://bit.ly/2xNMhUr
Source: DS News
If we want to create a truly prosperous economic future for all, investment needs to flow to every part of our country, from the lands of the Makah tribe in the Pacific Northwest to Newark, New Jersey. Link:http://bit.ly/32zCMX6
Source: Forbes
Investors with tax code Section 1231 gains—which stem from sales of real estate and other property—have 180 days to plug the money into an opportunity zone investment to qualify for the associated tax perks. link:http://bit.ly/2LUHdWw
Source: Bloomberg
Against this backdrop, philanthropy should step up and help shape the Opportunity Zone landscape so that benefits of the legislation also accrue to longtime residents and businesses. Link: http://bit.ly/2G7htCp
Source: PND
“HUD is pleased that leading innovators from across the country are directly taking on the challenge of developing products to help people invest in Opportunity Zones,” said Ben Carson, Secretary HUD Link:http://bit.ly/32iM7Cf
Source: DS News