What are Opportunity Zones and how do they work?

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

Making the most of US opportunity zones

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

Five hidden gems in the federal opportunity zone program

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

IRS Offers Reassurance for Early Opportunity Zone Investors

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

HUD Bets on Tech Innovation for Opportunity Zones

“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

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

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

Restrictions will chase money out of California

Gov. Gavin Newsom, wants California to conform narrowly to the Opportunity Zone program… only incentivizing affordable housing and green energy projects. Link: http://bit.ly/2RqEFjE

Source: The Sacramento Bee