Prior Postings
The Tax Cuts and Jobs Act, known for creating Opportunity Zones, is often celebrated for its potential to move billions of dollars into low-income communities. However, there remains an open question as to whether this program will ultimately serve to add value, or extract values, from communities.
States and cities that are prepared to implement the Opportunity Zone program strategically are collaborating with investors and communities to prioritize social impact for low-income neighborhoods, doing all they can to avoid the ill-effects of gentrification.
Has Sen. Tim Scott found a Republican way to bring development to disadvantaged communities?
Regional and community banks are working to finance the economic development districts created by the new law. But they have lots of questions about how the program works — and thoughts on how to improve it.
“How many will benefit from it are yet to be determined.”
The 2017 Tax Cuts and Jobs Act created a bi-partisan tax incentive program based on economically distressed Opportunity Zones. Investors in Qualified Opportunity Zone businesses now have the ability to defer, and to some extent eliminate, recent capital gain income, by properly investing their gain proceeds. Gov. LePage…
The Casper Area Economic Development Alliance, Inc. wants to contract a consulting firm to help identify and attract investors to invest in Casper's four
CINCINNATI HERALD — Congressman Steve Chabot (R – 1st District) has been meeting with local community leaders and organizations this past week about opportunities for local development through a new funding mechanism, opportunity zones.
Black investors have historically invested in land to build wealth. Now, there is a new option for blacks to become investors and receive tax breaks with a new real estate asset class: Opportunity Zones. Here's what you need to know.
The break will allow investors to defer taxes on money they make — and in many cases, receive a discount — if they invest in real estate or businesses in one of the areas. If investors maintain an investment in the area for 10 years, they will pay no taxes on their gains.