Baltimore-based developer and MCB Real Estate President, David Bramble, opened Yard 56 earlier this week, a mixed-use project seven years in the making. The project utilized environmental tax credits, New Market tax credits, and Opportunity Zone equity from Prudential Financial.…

Will the Opportunity Zone tax incentive be extended? Congressmen Tim Burchett (R-TN) and Henry Cuellar (D-TX) hope so, and early this year co-sponsored and introduced the Opportunity Zone Extension Act of 2021. To promote the bill and announce the rest of his economic…

This week, two new hotels opened their doors in Opportunity Zones. Hyatt House extended-stay hotel opened for business in downtown Rochester, Minnesota just steps from the Mayo Clinic. The hotel appears to be Rochester’s first Opportunity Zone project and is a part of a multibillion…

Taxpayers who recognized a gain in 2019 may now have until March 31, 2021 to invest in a Qualified Opportunity Fund, according to a new notice issued by the IRS. On the evening of January 19, IRS issued Notice 2021-10,…

The Opportunity Zones Podcast will return next week with new episodes for 2021. But in the meantime, here are the most popular episodes of the show in 2020 (presented in reverse chronological order). Highlights include interviews with Opportunity Zone experts…

In a report released earlier this week, the White House Council of Economic Advisers estimated that $75 billion of private capital has been raised by Qualified Opportunity Funds as of the end of 2019. The CEA used data from the…

The White House Opportunity and Revitalization Council (WHORC) has delivered their Opportunity Zones Best Practices Report to the President. Listen to WHORC executive director Scott Turner on the Opportunity Zones Podcast. The Council’s report includes Opportunity Zones case studies and…

Taxpayers who recognized a gain in 2019 may have until December 31, 2020 to invest in an Opportunity Zone fund, according to a new notice issued by the IRS yesterday. Update 6/8/20: I made a podcast episode about this topic.…

Your response is requested for a national survey of Opportunity Zones stakeholders. The Economic Innovation Group is conducting the survey to gain insights on current market activity, investor behavior, and factors that may shape the OZ ecosystem in 2020 and…

Opportunity Zone funds have raised $10.09 billion as of the end of April, according to a survey conducted by accounting firm Novogradac. This total represents a 50 percent increase over the $6.72 billion that the firm reported near the beginning…