Archive for the ‘Latest developments’ Category

Back to all news

The State of Opportunity Zones

Yesterday, the Internal Revenue Service (IRS) hosted a public hearing on the notice of proposed rulemaking for Investing in Opportunity Funds released last October. The hearing itself was a testament to the enthusiastic interest in the incentive: the line to get into the building was 90 minutes long at times, the auditorium was filled to…

Read more

The State of Socioeconomic Need and Community Change in Opportunity Zones

This paper offers a detailed baselining of prevailing social and economic conditions across the country’s Opportunity Zones. It comes as this new policy is just beginning to take shape. The U.S. Department of the Treasury issued the first of draft of proposed rulemaking in October 2018. Many unknowns remain, including some pertaining to fundamental functions…

Read more

HQ2 and Opportunity Zones: The Big Picture

Amazon’s high-profile HQ2 competition has rightly put the issue of economic development incentives under the microscope. There is plenty of evidence that traditional state and local location incentives are both wasteful and ineffective, creating a race to the bottom among communities. In the case of HQ2, the selection of Long Island City has also raised…

Read more

What to Know: U.S. Treasury Announces Proposed Guidance on Opportunity Zones

The U.S. Department of the Treasury has issued proposed regulations on the Opportunity Zones tax incentive and the operation of Opportunity Funds. This guidance is a significant first step that will help unlock market activity and economic impact in Opportunity Zones – but only a first step. Many key questions remain unanswered and additional rounds…

Read more

Economic Innovation Group Statement on U.S. Treasury’s Proposed Rules for Opportunity Zones

The U.S. Department of the Treasury today issued proposed regulations related to Opportunity Zones, which were established as part of the Tax Cuts and Jobs Act of 2017.  Under the law, businesses and individuals are eligible for tax benefits on capital gains reinvested in the 8,700 low-income communities designated as Opportunity Zones across all 50…

Read more
Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now

×