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Opportunity Zones: The Map Comes Into Focus
Key takeaways: The first phase of Opportunity Zones implementation is now complete: The U.S. Treasury Secretary has now certified the census tracts nominated by the governor of every U.S. state and territory and the mayor of Washington, D.C. For the next ten years, private investors will be eligible for certain tax benefits in return for…
Read moreThe Promise of Opportunity Zones
TESTIMONY BEFORE THE JOINT ECONOMIC COMMITTEE OF THE UNITED STATES CONGRESS JOHN W. LETTIERI, CO-FOUNDER AND PRESIDENT, ECONOMIC INNOVATION GROUP “The Promise of Opportunity Zones” May 17, 2018 Introduction Chairman Paulsen, Ranking Member Heinrich, and members of the committee: it is a pleasure to be with you today. I am the Co-founder and President of the…
Read moreAn economic rising tide that is not lifting all boats
The economies of the United States and West Virginia are both showing improvement. The U.S. economy grew at an annualized rate of 4.2 percent in the second quarter, while in West Virginia revenue collections are running substantially ahead of estimates.
Read moreMeet the New Venture Firm That Won’t Invest in Silicon Valley
A venture firm called Hypothesis Ventures has formed to take advantage of a new $6 trillion opportunity — and that opportunity is found outside Silicon Valley.
Read moreOpportunity zones will benefit impoverished areas and CRE investors
A new federal program implemented last year is starting to take shape, and it has win-win implications both for the country’s poorest residents as well as commercial real estate investors and developers.
Read moreWill this new investor tax-incentive policy avoid the mistakes of the past?
The next big chapter of this history is probably being written as you’re reading this, thanks to the new federal policy known as “Opportunity Zones,” passed as part of the Tax Cuts and Jobs Act at the end of 2017.
Read moreA new tax incentive program could bring private investors to struggling rural areas
A new tax incentive available to private investors may give some rural, low-income communities the boost they need to succeed.
Read moreOpportunity zone advocates call for market transparency and impact accountability
Engage communities. Measure impact. Share data. That’s the call to action for investors and other stakeholders considering investments in the 8,700 federally certified opportunity zones after a day-long convening of policymakers, development practitioners and researchers at the New York Federal Reserve in July.
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