opportunity-zones   20

IRS Sheds Brighter Light on Opportunity Zones - Katz, Sapper & Miller CPA
The IRS has issued a much-anticipated second round of proposed regulations better outlining the framework of the Qualified Opportunity Zone (QOZ) program. Operating businesses that have been waiting on the QOZ sidelines should now have enough clarity to begin to tap into the program’s benefits. Key takeaways from these proposed regulations:
opportunity-zones  Around-the-web  this-week-453 
may 2019 by areadevelopment
Opportunity Zones: Beyond the Basics – Fourth Economy
Since being signed into law with the 2017 Tax Act, Opportunity Zones have already been used to fund real estate development projects. While investors have been quick to implement, the rest of us are still trying to figure out what Opportunity Zones mean for communities.
Around-the-web  Matt  opportunity-zones  taxes-incentives  economic-development  real-estate  this-week-454 
april 2019 by areadevelopment
State, Local Governments Work to Steer Opportunity Zones Investment - Novogradac & Company LLP
One crucial way for states to encourage use of the OZ incentive is to conform state tax law to the federal Internal Revenue Code–offering a deferral and reduction in state tax on capital gains that are invested in qualified opportunity funds (QOFs).  

Most states have done so...
taxes-incentives  opportunity-zones  government-policy  Around-the-web  this-week-453 
april 2019 by areadevelopment
Selecting the Right Opportunity Zone for the Right Outcome - Area Development
While the finding the right location for a new project is always a complex task, locating in an Opportunity Zone presents further challenges for both the company and the community in which it is investing.
area-development-features  Matt  opportunity-zones  taxes-incentives  economic-development  site-selection  real-estate  industrial-real-estate 
march 2019 by areadevelopment
"Opportunity zones" may not benefit poor, rural areas - Axios
A new policy designed to attract investment to low income communities may not benefit rural areas and the most impoverished communities
opportunity-zones  taxes-incentives  government-policy  TCJA  Around-the-web  this-week-450 
march 2019 by areadevelopment
3 New Hints Emerge On Final Opportunity Zone Rules - Forbes
Investors, community advocates and residents across America who have been anxiously awaiting economic revitalization through the Opportunity Zone program have reason to be more optimistic.
Around-the-web  Matt  opportunity-zones  taxes-incentives  economic-development  this-week-449 
february 2019 by areadevelopment
The Next Wave? 3 Opportunity Zones Getting Most Attention, But 30 Bubble Communities May Be Next - Bisnow
The opportunity zones established by 2017’s Tax Cuts and Jobs Act were hyped as a method of directing investment into low-income areas. An initial wariness from investors has given way to outright enthusiasm, at least for possible investments in a handful of already-healthy real estate markets that overlap with designated zones.
this-week-448  Around-the-web  Matt  opportunity-zones  taxes-incentives  economic-development  site-selection 
february 2019 by areadevelopment
Tech Talkin’ Govs part 4: Opportunity Zones, workforce development, tech hubs, and more in governors plans to build economies - SSTI
Governors are reaching into their toolkits to build tech-based economies, utilizing Opportunity Zones, tax credits, broadband infrastructure and workforce development initiatives among other things. This week, as we continue to review their state of the state addresses for TBED news, we see some governors still trying to reshape their states’ struggling economies while others are building on past successes and proposing new initiatives.
government-policy  technology-based-economic-development  opportunity-zones  workforce-development  innovation-hubs 
february 2019 by areadevelopment
IRS: Welcome Back, Opportunity Zones Need Your Attention - Forbes
14,000 unpaid IRS workers decided not to show up to work last week, due to the prolonged government shutdown, according to the Washington Post. Now that the government has reopened temporarily, the IRS’s timely focus on Opportunity Zones will be critical if the program is to become the boon for investors and low-income communities that many have anticipated.
this-week-448  Around-the-web  Matt  taxes-incentives  opportunity-zones  real-estate  economic-development  site-selection  rural-economy  rural-economic-development 
january 2019 by areadevelopment
Tax Reform, Trade Turbulence and More: 5 Real Estate & Construction Predictions for 2019 - BDO
Marked by turbulent trade conditions, a shifting retail landscape, continued fallout over tax reform and the accelerated growth of coworking companies, 2018 has been an eventful year for the real estate and construction industries.
commercial-real-estate  economic-forecast  Around-the-web  opportunity-zones  office-market  co-working-space  this-week-447 
january 2019 by areadevelopment
Opportunity Zone Regulations Provide Clarity on New Economic Development and Investment Tool - Womble Bond Dickinson
Opportunity Zones are a powerful new economic development and real estate investment tool designed to mobilize investment in underserved communities across the nation.
this-week-441  Around-the-web  Matt  economic-development  opportunity-zones  sfp-insider-11-30-2018 
november 2018 by areadevelopment
Learning from Opportunity Zones: How to improve place-based policies - Brookings
How can policymakers make sure place-based policies, like Opportunity Zone, really provide investment in communities and people that need it?
opportunity-zones  government-policy  taxes-incentives  Around-the-web  sfp-insider-11-30-2018 
october 2018 by areadevelopment
Treasury Releases Highly Anticipated Rules for ‘Opportunity Zones’ - Route Fifty
Secretary Steve Mnuchin has said he expects that $100 billion of private investment in economically distressed areas could occur under the program.
taxes-incentives  government-policy  opportunity-zones  Around-the-web  this-week-439  sfp-insider-11-30-2018 
october 2018 by areadevelopment
White House Approves a Tax Rule Meant to Help Distressed Areas - The New York Times
The Treasury Department is poised to outline new rules stemming from the $1.5 trillion tax overhaul last year that are aimed at giving investors confidence to pour billions of dollars into distressed economic areas across the United States.
this-week-438  Around-the-web  Matt  economic-development  rural-economic-development  rural-economy  opportunity-zones  sfp-insider-11-30-2018 
october 2018 by areadevelopment
VCs await regulatory clarity on Opportunity Zones, the latest tactic to draw capital to the Heartland - VentureBeat
It’s an oft-cited statistic that 75 percent of venture capital in the U.S. goes to just three states: New York, California, and Massachusetts — and it has for years. If it’s going to take years to close that gap, why not offer an incentive for investors to put their money in other places?

That’s the thesis behind Opportunity Zones, a tax incentive program laid out by Congress in last year’s Tax Cuts and Jobs Act.
economic-development-news  opportunity-zones  government-policy  taxes-incentives  corporate-tax-reform  venturecapital  capital-access  TCJA  Around-the-web  this-week-437  sfp-insider-11-30-2018  insider-12-17-2018 
september 2018 by areadevelopment
Opportunity Zone Communities May Require Additional Investments - Route Fifty
Opportunity zones, created as part of the Republican tax cut bill signed into law by President Trump late last year, promote long-term investment in low-income communities by allowing incentives for investors who develop projects in economically distressed areas. Investors who direct money to qualifying areas can receive cuts on their capital gains taxes after the assets are owned for a certain number of years.
economic-development-news  taxes-incentives  government-policy  opportunity-zones  Around-the-web  TCJA  corporate-tax-reform  this-week-430  sfp-insider-11-30-2018 
june 2018 by areadevelopment

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