Opportunity Zones News

Amazon HQ2 location in Long Island City, New York

Amazon will not use Opportunity Zone tax break for HQ2

Amazon had been criticized for locating their HQ2 in an opportunity zone in Queens, New York. As it turns out, they will not be taking advantage of the tax break after all. From Bloomberg: “We will not be using the opportunity zone on this project,” Holly Sullivan, head of economic development at Amazon, told the

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Gerry Reihsen

Gerry Reihsen: Creating Positive Social Impact in Opportunity Zones

How do we prevent the Opportunity Zones program from becoming merely a subsidy for gentrification? How can we instead ensure that opportunity zone investments actually benefit the people who live in the designated zones so that they can participate in any subsequent economic upturn? Dallas-based entrepreneurial business attorney Gerry Reihsen is out to answer those

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David Dragoo and John Renfrow

Colorado Outdoors: Rural OZ Community Revitalization

What does an opportunity zone city revitalization project really look like? And how can public-private partnerships help to accelerate a community’s renewal? The Colorado Outdoors project in Montrose County offers an excellent case study to answer these questions. Home to 20,000 people, Montrose is a rural community located in an opportunity zone on Colorado’s western

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Allen Alley

Allen Alley: Renewable Energy Development in Opportunity Zones

Will the opportunity zone initiative accelerate the nation’s transition to renewable energy? Find out why solar energy development and opportunity zone investing may be ideally suited for each other. Today’s guest is Allen Alley — technology investor, former Republican candidate for governor of Oregon, and co-founder of the Obsidian Opportunity Fund. Obsidian’s fund applies opportunity

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Lamps

Who’s investing in OZs? So far, mostly wealthy individuals

Manager interest in launching qualified opportunity zone funds is sky high, but most are still waiting to hear more regulatory clarity from the IRS. Thus far, most of the managers that have launched OZ funds are relatively small private wealth management firms and family offices oriented toward wealthy individual investors, according to P&I. Of course,

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Greg Genovese

Greg Genovese: Project-Driven OZ Funds

Happy New Year! The Opportunity Zones Podcast took a short hiatus last week for Christmas, but we are back for another episode. Today, I am speaking with Greg Genovese, president of Sound West Realty Capital, a real estate development group based in the Seattle area. Originally from the California Bay Area, Greg relocated to Bremerton,

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Vijar Kohli

Vijar Kohli: Small Business Investing in Opportunity Zones

New business development and job creation in economically blighted communities were two of the main goals of the opportunity zone legislation passed by Congress last year. But so far, the vast majority of opportunity zone funds are focused solely on real estate development. The problem with business is that it’s murky. Which ones will qualify

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