The Opportunity Zones Podcast is now on YouTube!
The Opportunity Zones Podcast is now on YouTube!
A unique new fund is making some waves. GRASS (The Growth Resources, Assets, Safety & Sustainability Opportunity Zone Fund) is making history as the first ever RegA+ OZ fund. The RegA+ status enables the fund…
Last week, the City of Coachella, California launched Opportunity Coachella, a competition for businesses looking to relocate, launch, or expand into an Opportunity Zone. The competition is now accepting applications and will award more than…
RevOZ Capital opened an 11,000-square-foot behavioral health facility in a San Bernardino, California Opportunity Zone. On hand at the ribbon cutting ceremony was Senator Tim Scott (R-SC). The facility will provide effective health care to justice-involved…
Last week, President Biden released his $6 trillion budget proposal, which included a capital gain tax increase from 23.8% to 43.4% for households with a combined income of $1 million or more. The proposed increase would…
Note: This article was updated on August 18, 2021 to make some clarifications and correct some factual errors. A research study completed last month estimates that $24.9 billion of total investments have been made by…
Last week, Wilmington, Delaware-based Second Chances Farm announced their second Opportunity Zone location. Their expansion into the Philadelphia market enables the indoor vertical farm startup to continue its social mission of enabling returning citizens to become entrepreneurs.…
The IRS recently confirmed the boundaries of the Opportunity Zones were established at the time they were designated and not subject to change due to the 2020 Census. The OZ marketplace had eagerly awaited guidance on this critical issue. The IRS Announcement 2021-10 stated, “Accordingly, boundaries of a Designated…
Last week, Los Angeles-based development firm Banyan Residential, in partnership with Indianapolis-based firm, Milhaus, broke ground on Banyan Beckley, a $59 million multifamily development within a Dallas, Texas Opportunity Zone. Located just outside of downtown,…
Last week, Hoosier Solar Holdings, LLC, an Indiana-based energy company, announced plans to develop solar power facilities within Indiana Opportunity Zones. Hoosier Solar plans to involve local school groups and universities by providing job training…
In contrast to New York where legislators are making their state less attractive for Opportunity Zone investment and investors, Alabama’s legislators are doing just the opposite. This week, the Alabama House of Representatives passed the Alabama…