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. ”

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:

Source: DS News

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:

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:

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:

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:

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:

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:

source: Clayton News