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IRS Publishes Second Round of Proposed OZ Guidance

IRS Publishes Second Round of Proposed Opportunity Zones Guidance, Opening the Door for More and Diverse Investments in Distressed Communities On April 17, 2019, the Treasury Department released a second set of proposed regulations relating to the operation of Qualified Opportunity Zones (QOZs) and Qualified Opportunity Funds (QOFs).  While several key questions remain, the regulations…

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Watch: Bruce Katz on how communities create an OZ prospectus

The Economic Innovation Group partnered with the Minority Business Development Agency and The Enterprise Center in March to convene investors, government officials, community members, developers, and entrepreneurs for a discussion on Opportunity Zones. Rachel Reilly interviewed Bruce Katz, co-founder and director of the Nowak Metro Finance Lab at Drexel University, regarding his work with city…

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EIG kicks off Opportunity Zones Webinar Series

The Economic Innovation Group held its first Opportunity Zones webinar for investors, community leaders, and stakeholders eager to take advantage of the Opportunity Zones incentive. A recording of the webinar can be found here with the slides here. EIG’s Catherine Lyons and Rachel Reilly led the webinar, walking participants through the basics of Opportunity Zones, regulatory actions from…

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Webinar: Opportunity Zones for Local Governments

Access slides here

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OZ Insights: IRS Hearing and Understanding Impact

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…

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