Opportunity Zone Report

The Education Opportunity in Opportunity Zones

“The law uses a package of tax incentives to jumpstart economic development in distressed communities by financing local startups, building small businesses, or developing properties—but there are also opportunities for education institutions and workforce-development programs. ” http://bit.ly/2YEGTi4

Source: Education Next

The Impact of Opportunity Zones

“Opportunity Zones were set up to enable private investors to re-invest profits into designated areas, and investors “are going to invest that money somewhere.” He noted private investors would do what they do because they “want to be successful.” Link:http://bit.ly/2Xiq5w2

Source: DS News

THE TAX BENEFITS OF OPPORTUNITY ZONES

In order to qualify for the tax benefits of QOZ, you must invest in fund, not just a property in a fund. Link: http://bit.ly/2XARltE

Source:RPC Senate

Choosing the Right Opportunity Zones for an Investment

There are more than 8,700 opportunity zones—but which offer the best opportunities for investors? Link: http://bit.ly/2ZHo2TJ

Source: Craines

There weren’t enough dollars in the community to redevelop these areas. So it’s a solution where investors could put money into this. Without the opportunity zones, a lot of investors wouldn’t know about this project, or wouldn’t invest a dollar here. Link: https://to.pbs.org/2ZAQYg4

Source: PBS

Hawaii’s Opportunity Zones Could Spur Depressed Areas

Downtown Honolulu has six Zones with perhaps the greatest potential to attract investors, because their proximity to Oahu’s business and transportation center. Link: http://bit.ly/2L5OEty

Source: HPR

Seizing Opportunities

“A bad deal doesn’t become good because it’s in an Opportunity Zone. You still have to make good deals.” — Thomas Ablum, Capital Gains Opportunity Fund. Link: http://bit.ly/2Y2fo1w

Source: Business Journal

A Primer on QOFs

If the taxpayer holds the Qualified Opportunity Fund interest for 10 years or more, then 15% of the deferred capital gain and all capital appreciation is forgiven. Link: http://bit.ly/2MYeGBz

Source: The National Law Review

Weighing Benefits and Dangers in Opportunity Zone Funds

Here’s the catch: The zones and funds themselves are brand new, as the Tax Cuts and Jobs Act of 2017 created the program and the IRS is still hammering out details. Link: https://cnb.cx/2L2VGiI

Source: CNBC

Turning blight into big bucks

“Every project is different. In some, the focus is affordable housing. In some, it’s workforce development or workforce housing,” Turner said. ” Link: http://bit.ly/2RqEFjE

source: Clayton News