• OH Communities with Opportunity Zones get new marketing tool from the State by WDTN.com
    COLUMBUS, Ohio - Ohio has 370 Opportunity Zones, the full allotment given by the federal government. The boundaries of these zones are based on census tracts and are identified by the state while the Secretary of the U.S. Treasury certifies their qualification. That puts opportunity zones in 73 of Ohio's 88 counties. Making it easier for investors to find the right opportunity for them has been a high priority for the ...
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  • Rutherford touts opportunity zones at Indian Head summit by SoMdNews.com
    The opportunity zone program allows investors to defer paying federal taxes on the capital gains they make from selling assets such as stocks, bonds and real estate for up to 10 years, provided that they deposit the money into a specially designated opportunity fund. The money in the opportunity fund is then used to invest in small businesses and development projects in the opportunity zone areas. Rutherford chairs the Maryland Opportunity ...
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  • At Last, More Guidance on Qualified Opportunity Zones, but Questions Still Remain by JD Supra
    The proposed regulations: Define the term "Substantially all" for purposes the qualifying amount of property to be held by a Qualified Opportunity Zone Business and qualifying holding periods; Describe the transactions that prematurely trigger gain recognition otherwise deferred by investment in QOZs; Explain how to determine both the timing and amount of deferred gain to be recognized; and Address how leased property used by a QOZB will be treated. The definition ...
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  • Treasury's Second Set of Guidelines for Opportunity Zones Still Leaves Struggling Communities Behind by Center For American Progress
    The Opportunity Zone program, part of the 2017 Tax Cuts and Jobs Act, has been touted as a key tool in revitalizing distressed communities. The Trump administration argues that giving tax breaks to investors to incentivize investments in certain struggling geographical areas will in turn benefit these communities and their residents. Community advocates hoped that the next set of guidelines would fix this shortcoming and address community concerns, including the potential ...
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  • Feds release new 'opportunity zone' regulations by TucsonSentinel.com
    The U.S. Treasury Department has released new regulations for nearly 9,000 "Opportunity zones" that officials hope will unleash investment in the economically distressed areas. Under the 2017 federal tax law, people can get a tax break for investing in certain businesses and properties located in the zones. Treasury Secretary Steve Mnuchin said at the White House event that in addition to other changes, the new regulations will ensure that businesses ...
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  • Treasury May Wait to Finalize Both Sets of Opportunity Zone Rules by Bloomberg Tax
    The IRS and Treasury may not finalize the first set of rules on opportunity zones right away, instead opting to wait and finalize the first and second sets of rules. "Treasury and the IRS may-with an emphasis on 'may'-follow up with a third set of regulations," Dan Kowalski, counselor to Treasury Secretary Steven Mnuchin, said April 25 during a conference in Denver. "Referring to the two already-released tranches of proposed rules, ...
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  • Neb. Prioritizes Opportunity Zone Development Grant Funds by Law360
    Law360 - Nebraska will give opportunity zones priority funding from certain economic development grant programs under recently enacted legislation. L.B. 87, which was signed by Republican Gov. Pete Ricketts on Wednesday after passing the unicameral Legislature unanimously, requires the state Department of Economic Development to give preference to grant applications from projects and businesses that are at least partially located within an opportunity zone designated under the federal Tax Cuts ...
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  • Scott, Booker Plan to Extend Opportunity Zone Incentives by Bloomberg Tax
    The original authors of the 2017 tax law's opportunity zones tax breaks plan to introduce a bill that would extend an incentive that expires for investors who take advantage of the provision after 2019, an aide to one of the lawmakers said. The bill, to be introduced with Sen. Cory Booker, would move back by one year the start date of the tax breaks. Under tax code Section 1400Z-2, investors can ...
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  • Opportunity Zone Gentrification: Federal Government Signals It Wants to Track the Results by Yahoo Finance
    Criticism that opportunity zone tax breaks will benefit well-heeled developers and investors at the expense of low-income residents has been heard by the federal government. The Treasury Department issued a seven-page notice April 16 asking stakeholders to suggest how to measure the community impact from opportunity zone investments. The Tax Cuts and Jobs Act of 2017 created opportunity zones to revitalize economically distressed communities by encouraging investment through tax breaks. Investors ...
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  • What To Look For In Next Round Of Opportunity Zone Regulations by Bisnow
    The opportunity zone program has been the talk of the real estate industry since it was created in December 2017 as a way to spur development in economically distressed census tracts. To reap the maximum benefit from the program - a 15% reduction on taxes - money has to be invested in opportunity zone funds by the end of this calendar year. Some asset managers are steering clients away from opportunity ...
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  • It's time to get serious about helping America's struggling regions by The Hill
    America is still the land of opportunity, but in a way that has become increasingly concentrated in a shrinking number of locations. Once-thriving regions across the United States are struggling with the collapse of industries and shrinking tax bases. It's time to get serious about the regional nature of inequality, and push the frontier of research into the issues facing struggling communities, both rural and urban. Regions on the upswing have ...
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  • Bill would create tax credit pilot for manufacturing projects in opportunity zones by Greater Baton Rouge Business Report
    In the pipeline this legislative session is a proposed, five-year pilot income and corporate franchise tax credit program for certain capital-intensive manufacturing projects in Louisiana. Sponsored by state Rep. Gary Carter, D-New Orleans, Louisiana Economic Development would grant up-to-50% tax credits-not to exceed $1 million per project-to cover construction costs for new manufacturing facilities costing at least $1.5 million that are located in federally designated qualified Opportunity Zones. Tax breaks can't ...
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  • Gavel to Gavel: Deadline approaching for opportunity zone investors by Journal Record
    Opportunity zones were introduced in the 2017 tax reform bill as a means of moving capital into economically distressed areas, incentivized by federal tax benefits. Basically, opportunity zone investors are eligible for three primary economic benefits. First, complete tax deferral on capital gains reinvested in a qualified opportunity fund until Dec. 31, 2026. Finally, investors who hold the opportunity fund investment for at least 10 years qualify for a complete tax ...
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  • DE touts opportunity zones to investors by Delaware State News
    Before investors spend another dollar, Patricia Cannon wants them to ask this question first: Is it in an opportunity zone? Although the state of Delaware and local municipalities do not run any aspect of the capital gains related program, Ms. Cannon said she would be more than willing to meet with potential investors to go over the details as they move forward in the process. Mr. Molotsky explained the program further ...
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  • What One of the First Qualified Opportunity Funds Is Doing by Barron's
    An entirely new asset class is forming around investing in Qualified Opportunity Zones, but few funds have actually managed to capitalize on it and get money in the ground. A provision tucked into the December 2017 tax bill allows holders of capital gains to shelter them from taxes for years by putting them in Qualified Opportunity Funds, which then buy property or business equity in designated low-income Qualified Opportunity Zones. RBH started ...
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  • IRS, Congress Struggle to Shed Light on Opportunity Zones' Impact by Bloomberg Tax
    IRS officials are trying to figure out what data the agency can collect on new incentives created under the 2017 tax overhaul, but the best hope for revealing whether the tax breaks are aiding low-income areas-rather than accelerating gentrification to the benefit of the wealthy-likely rests with Congress. The Senate's version of the tax law originally included a fairly open-ended requirement for the Treasury Department to track and report to Congress ...
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  • Avanath Enters the Opportunity Zone Game by GlobeSt.com
    Avanath Development has entered the opportunity zone race. The firm has launched a qualified opportunity zone fund with a target raise of $300 million, which the firm plans to hit in the next six months. Avanath is a seasoned affordable housing and market-rate multifamily developer and has already been active in several opportunity zone markets. "We started looking after the sites were finalized as opportunity zones, and we realized that of ...
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  • Opportunity Zone Funds Have Already Hit $20B by GlobeSt.com
    Today, opportunity zone funds total $20 billion, and by the end of the year, Kevin Nolan, director at Cushman & Wakefield, expects that they will hit $100 billion. Nolan spoke last week at NAIOP San Diego's conference on Opportunity Zones, along with Phil Jelsma, partner at CGS3; Sondra Wagner, managing director at CIM; Katherine Crow, promise zone director at City of San Diego and Mark Cafferty, president of San Diego Regional ...
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  • Chicago-area joint venture antes up $1 billion for Opportunity Zone development investment by Building Design + Construction
    One such investment entity is Chicago-based Decennial Group, which is targeting investment of $1 billion in development projects to leverage the tax incentives created by the 2017 law. Over the next decade the  JV could look to invest up to $20 billion for new projects, according to The Real Deal, which also reports that Decennial Group is exploring 250 potential projects in Opportunity Zones around the country, and is in ...
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  • Why Home Sales Are Surging in Opportunity Zones by The MReport
    There's good news for some of the low-income and high-poverty areas that were designated as opportunity zones last spring. According to an analysis by Zillow, these areas have seen a surge in sale prices since they received the designation as investors, keen to receive a discount on capital gains taxes for investing within these areas, flock to these opportunity zones. According to Zillow, sale prices in all eligible areas "Grew faster than ...
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  • Houston's Opportunity Zones among nation's most appealing for investors
    Investors have their eyes on Houston, thanks to a federal tax incentive known as the Opportunity Zone program. Part of the 2017 federal tax overhaul aimed to spur economic activity in low-income neighborhoods by allowing states to designate areas in need of revitalization as Opportunity Zones, investments in these areas would be rewarded by federal tax breaks. OPPORTUNITY ZONES: Are federal 'opportunity' tax breaks going to right places? Not all Opportunity Zones ...
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  • Now Is The Time To Invest In Commercial Real Estate by Utah Business
    Given that President Donald Trump made his fortune in real estate, it shouldn't come as a surprise that multiple provisions of the 2018 tax reforms stand to benefit commercial real estate directly, says Ian Prescott, a partner at the Salt Lake City-based CPA firm WSRP. And though the final details have yet to be worked out, those looking to buy, sell, or rent commercial space will likely benefit from broader tax ...
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  • Carson: Private Businesses Commit $25B Investment Into Inner Cities
    According to Carson, private businesses have committed to spending $25 billion in inner cities throughout the United States, pledging to build businesses in areas that have been abandoned economically. Carson told Fox Business host Stuart Varney that companies are creating jobs and opening businesses in large cities throughout the United States, capturing the excitement of Republicans and Democrats alike. "We already have over 25 billion dollars committed to 'opportunity zones.' I've ...
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  • Hidden gem in Trump’s tax plan: Opportunity zones
    They're called Opportunity Zones and they will provide potentially huge tax savings for investors while creating thousands of jobs. "It's kind of a hidden gem in the tax act,'' said Stephen Looney, an Orlando lawyer and expert in tax law."Not a lot of attention has been paid to it. Here's how it works: If you make a profit on the sale of real estate, stocks or other investments, you can defer ...
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  • Updated Regulations Timing Update; White House Appointments; and Disaster OZs Proposed Legislation
    Updated Regulations; Timing - while we were originally hearing that the next set of regulations were supposed to be issued by the IRS and Treasury before April 15th, we have now heard as of earlier this week that it is more likely that the next set of regulations will be issued by the end of April rather than by the 15th. We will keep asking for updated timing and keep you ...
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  • City of Myrtle Beach seeking investors for Opportunity Zone at a forum today
    Myrtle Beach, SC - Leaders from four Myrtle Beach organizations are looking to add investors to the City's opportunity zone in an Opportunity Zone Investor Forum this morning. There are three other opportunity zones in Horry County but this forum will only showcase the opportunity zone in Myrtle Beach, which covers 21 Avenue N and extends up to 3 Avenue S and back to the bypass. "It's a pretty large ...
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  • $1B Cross Bayou Point in Louisiana picks design-build team
    Dive Brief: Gateway Development Consortium, the developer of the $1 billion, 10-year Cross Bayou Point mixed-use opportunity zone project in Shreveport, Louisiana, has selected an architect and contractor to lead the development's design-build team, according to a GDC press release. Ozanne Construction is headquartered in Cleveland and has experience with the management of large public-private construction projects. GDC officials said the pair have the experience and understanding of the local construction ...
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  • Sales prices soar for homes in Opportunity Zones
    Tax incentives designed to fuel investments into low-income Opportunity Zones across the U.S. appear to be doing just that, according to new data from Zillow. The Opportunity Zones program, launched via the Tax Cuts and Jobs Act of 2017, gives investors in 8,700 of the designated Opportunity Zones benefits like capital-gains tax deferment and tax-free growth for a number of years. Initial returns are promising as sales prices for homes in ...
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  • Farpoint Development and Clayco will spearhead the Decennial Group
    A pair of Chicago development firms are teaming up on a new Opportunity Zones venture, hoping to raise $1 billion for development projects "Throughout America's Heartland." Farpoint Development and Clayco will spearhead the Decennial Group, and will seek to deploy the money over the next three years, the company announced Thursday. Decennial Group has enlisted one of the Opportunity Zones architects, Steve Glickman, as a "Senior adviser." Glickman, a co-founder of ...
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  • Remarks by President Trump at the White House Opportunity and Revitalization Council Meeting
    I'm thrilled to welcome everyone to the very first meeting of the White House Opportunity and Revitalization Council. The Opportunity and Revitalization Council is a very important event in the White House. The Council will focus its efforts on economically distressed communities across the country, including Opportunity Zones - which are, as you know, up and running and doing incredibly well, beyond expectation - which we are designated by our ...
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Aleutians East, Alaska Qualified Opportunity Zone

Aleutians East, Alaska Qualified Opportunity Zone

AK

Census Tract Number

2013000100

Tract Type

Low-Income Community

Aleutians West, Alaska Qualified Opportunity Zone

Aleutians West, Alaska Qualified Opportunity Zone

AK

Census Tract Number

2016000100

Tract Type

Low-Income Community

Anchorage, Alaska Qualified Opportunity Zone

Anchorage, Alaska Qualified Opportunity Zone

AK

Census Tract Number

2020000300

Tract Type

Low-Income Community

Anchorage, Alaska Qualified Opportunity Zone

Anchorage, Alaska Qualified Opportunity Zone

AK

Census Tract Number

2020000600

Tract Type

Low-Income Community

Anchorage, Alaska Qualified Opportunity Zone

Anchorage, Alaska Qualified Opportunity Zone

AK

Census Tract Number

2020000702

Tract Type

Low-Income Community

Anchorage, Alaska Qualified Opportunity Zone

Anchorage, Alaska Qualified Opportunity Zone

AK

Census Tract Number

2020000703

Tract Type

Low-Income Community

Anchorage, Alaska Qualified Opportunity Zone

Anchorage, Alaska Qualified Opportunity Zone

AK

Census Tract Number

2020001000

Tract Type

Low-Income Community

Anchorage, Alaska Qualified Opportunity Zone

Anchorage, Alaska Qualified Opportunity Zone

AK

Census Tract Number

2020001900

Tract Type

Low-Income Community

Anchorage, Alaska Qualified Opportunity Zone

Anchorage, Alaska Qualified Opportunity Zone

AK

Census Tract Number

2020002000

Tract Type

Low-Income Community

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NEWS

Featured

Rutherford touts opportunity zones at Indian Head summit by SoMdNews.com

April 26, 2019

OH Communities with Opportunity Zones get new marketing tool from the State by WDTN.com

April 26, 2019

Feds release new ‘opportunity zone’ regulations by TucsonSentinel.com

April 25, 2019

4 Takeaways from the Opportunity Zone SuperConference | McGuireWoods Consulting by JD Supra

April 25, 2019

Opportunity Fund Investors Prepare to Zone-In | Verrill Dana LLP by JD Supra

April 25, 2019

6 Opportunity Zone Articles You Should Read Now by GlobeSt.com

April 25, 2019

Current

Treasury’s Second Set of Guidelines for Opportunity Zones Still Leaves Struggling Communities Behind by Center For American Progress

April 25, 2019

Mayor Randall Woodfin: Opportunity Zones Are Useful for Neighborhood Revitalization by Birmingham Times

April 25, 2019

Your Voice, Your Future Town Hall: “Opportunity Zones and Community Revitalization” by KVAL

April 25, 2019

At Last, More Guidance on Qualified Opportunity Zones, but Questions Still Remain by JD Supra

April 25, 2019

Silt mayor represented at Opportunity Zones Conference in D.C. last week by Glenwood Springs Post Independent

April 25, 2019

Opportunity Zone Gentrification: Federal Government Signals It Wants to Track the Results by Yahoo Finance

April 25, 2019

Opportunity Zones Could Become the Biggest Economic Renewal Effort Ever — If Philanthropies Help Now (Opinion) by The Chronicle of Philanthropy

April 25, 2019

Scott, Booker Plan to Extend Opportunity Zone Incentives by Bloomberg Tax

April 25, 2019

WV Forward hosts panel series to grow projects in ‘WV Opportunity Zones’ by WBOY.com

April 25, 2019

Cover story: ‘Opportunity zones’ offer lots of promise for St. Louis, but little action — so far by St. Louis Business Journal

April 25, 2019

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