Opportunity Zones News

Shay Hawkins

The OZ Fund Trade Group Aiming to Renew the Program, with Shay Hawkins

Why does a trade association for Qualified Opportunity Funds want more data collection and reporting? And could the Opportunity Zone program be renewed at some point in the future? Senator Tim Scott’s former tax adviser, Shay Hawkins is founder and CEO of the Opportunity Funds Association (OFA) — a Washington, DC-based advocacy, education, and communications group for the Qualified Opportunity Fund industry. Click the play button below to listen to my conversation with Shay. Episode Highlights Shay’s role in getting the Opportunity Zones statute passed through Congress and some of the biggest challenges that he faced along the way. Why

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Sasha Favelukis

Activating OZ Communities with Business Container Parks, with Sasha Favelukis

How can incubating local businesses in shipping containers achieve Opportunity Zone community activation and gentrification without displacement? Sasha Favelukis is founder of CoPlace, a San Diego-based investment and advisory firm that performs a mix of real estate and local business investing. They specialize in community activation in Opportunity Zones. Click the play button below to listen to my conversation with Sasha. Episode Highlights Working with the local community to create an entrepreneurial ecosystem and achieve inclusive gentrification. The importance of identifying a community’s assets and how to determine what a community’s needs. CoPlace’s modular shipping container strategy for incubating local

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Clint Myers

Rise of the Rest and Opportunity Zone Office Real Estate, with Clint Myers

Will office real estate be the driver for much of the economic growth across the nation’s Opportunity Zones? Clint Myers is partner at Revolution’s Rise of the Rest, a seed fund that invests in startups located outside of locations that traditionally receive startup funding — an approach that has a lot of overlap with the Opportunity Zones policy. Click the play button below to listen to my conversation with Clint. Episode Highlights How job growth in the United States comes from startups. The case for investing in areas outside of New York, San Francisco, Los Angeles, Washington DC, and Boston

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Chris Loeffler

The Opportunity Zone Fund that Raised $40 Million in 5 Months, with Chris Loeffler

Are Opportunity Zone Funds actually raising any money yet? Chris Loeffler is co-founder and CEO of Caliber, an Arizona-based alternatives investment management firm that was among the first to launch a Qualified Opportunity Fund last year, a fund which has already raised $40 million, is actively deploying capital to Opportunity Zones, and is expected to hit their $500 million raise target within two years. Click the play button below to listen to my conversation with Chris. Episode Highlights How Caliber is helping to open up access to alternative assets for Main Street investors. Some best practices for identifying the right

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Scott Turner

The White House’s Vision for Opportunity Zones, with Scott Turner

How can the resources of the Federal government be leveraged to help deliver generational impact to Opportunity Zone communities? Scott Turner is the newly appointed executive director of the White House Opportunity and Revitalization Council — a group of cabinet members and White House officials charged with coordinating Federal agency efforts to magnify the impact of investments in Opportunity Zones. Click the play button below to listen to my conversation with Scott. Episode Highlights The mission of the White House Opportunity and Revitalization Council. Personal anecdotes from Scott’s nationwide Opportunity Zone listening tour. The vision of Opportunity Zones as having

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Puerto Rico

Puerto Rico passes Opportunity Zones regulatory bill

Puerto Rico Governor Ricardo Rosselló signed the Puerto Rico Opportunity Zones Development Act last week. The bill creates the regulatory framework for investing in Opportunity Zones on the island and establishes conformity with the federal tax incentive. Several additional incentives are also created by the new law, including: 18.5 percent tax on the net income of an exempt business. Exemption from dividend taxation. 25 percent exemption on patents and property taxes. 25 percent exemption on construction taxes. Maximum investment credit of 25 percent, which is transferable. A credit priority system for “Priority Projects” located in opportunity zones. Deferral of capital

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John Lettieri

Opportunity Zones and Economic Dynamism, with John Lettieri

How was the Opportunity Zones initiative created in the first place? And why is this program so radically different from previous place-based policies? John Lettieri is co-founder and president of the Economic Innovation Group, a Washington, DC-based public policy organization that created the Opportunity Zones legislation and continues to inform the rulemaking process. Click the play button below to listen to my conversation with John. Episode Highlights How the Opportunity Zones program represents as fundamentally new type of place-based policy — one that will be the largest development initiative in U.S. history. How John Lettieri (a Republican) and Steve Glickman

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Tony Chereso

Opportunity Zones as Portfolio Diversifiers, with Tony Chereso

How can retail investors access alternative investments typically reserved for institutional investors? And where do Opportunity Zones fit into the universe of portfolio alternatives? Washington, DC-based Tony Chereso is president and CEO of the Institute for Portfolio Alternatives, a trade group tasked with advocating for awareness of portfolio diversifying investments (PDIs). Click the play button below to listen to my conversation with Tony. Episode Highlights The role of alternative investments in a retail investor’s portfolio. How retail clients are underserved as it relates to institutional focus on Wall Street. IPA’s role in advocating for alternatives in retail portfolios. Who the

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Lennox Jackson

Developing in Chicago’s Opportunity Zones, with Lennox Jackson

Chicago is home to 133 opportunity zones. But which neighborhoods on Chicago’s West and South Sides have the greatest levels of redevelopment need? And what are some of the challenges of acquiring capital for building in low-income communities? Lennox Jackson is founder and CEO of Urban Equities, a Chicago-based real estate developer and advisor that specializes in residential, retail, and commercial projects. Note: this is Part 2 of my conversation with Lennox. If you missed it, click here for Part 1, where we discuss why gentrification may be a good thing. Episode Highlights Developing mixed-use retail/residential in Bronzeville. Re-purposing a

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Lennox Jackson

Why Gentrification Is a Good Thing, with Lennox Jackson

Is gentrification a good thing? And why might affordable rate housing not be the best solution in certain low-income neighborhoods? Lennox Jackson is founder and CEO of Urban Equities, a Chicago-based real estate developer and advisor that specializes in residential, retail, and commercial projects. Note: this is Part 1 of my conversation with Lennox. Click here to listen to Part 2, where we discuss Chicago’s Opportunity Zone neighborhoods. Click the play button below to listen to my conversation with Lennox. Episode Highlights Gentrification vs. resident displacement, and why gentrification can be thought of as a good thing. Why LIHTC deals

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