A question looming over the industry is whether the legislation will get renewed or if the benefit will fade once the law expires.
When the Tax Cuts and Jobs Act of 2017 put in place new tax incentives for investors tied to Opportunity Zones, no one was quite sure how well the new structure would take off. The early days were marked by a frenzy of sponsors jumping into the space—and plenty of critics who were skeptical that the tax incentive program would work. However, five years in, the sector is proving that it can both attract capital and deliver economic development to underserved communities.
Opportunity Zones (OZ) are defined as an economic development tool that allows people to invest in distressed areas in the United States....
Opportunity Zones (OZ) are defined as an economic development tool that allows people to invest in distressed areas in the United States....
RSK: Doesn`t seem like 5 years since they came on line....just took 5 years for developers and the municipalities to figure out how they were going to work together and what the benefits.
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- - Volume: 10 - WEEK: 51 Date: 12/13/2022 10:26:08 AM -