Sites Selected for IN Rural Opportunity Zone Initiative
The Indiana Office of Community and Rural Affairs announced six sites will receive technical assistance and capacity-building support as part of the Rural Opportunity Zone Initiative. The purpose of this initiative is to build the capacity of Opportunity Zones in rural Indiana to attract private, public and/or philanthropic sector investments that support locally-driven priorities.
LA Economic Development Launches Opportunity Zones Web Portal
Louisiana Economic Development has launched an online service to connect investors with Louisiana properties eligible for the federal Opportunity Zone program. Through the new Louisiana Opportunity Zones web portal, investors can explore potential projects in Opportunity Zones throughout the state. The portal is powered by The Opportunity Exchange.
Opportunity Zones Could Provide Major Boost for Clean Energy, Sustainable Development
Market watchers are predicting $200 to $300 billion in investment in the nation's 8,700-plus OZs. And federal rules have made it clear that green economy projects — such as local power generation, microgrids, EV charging stations and energy storage — are eligible for Opportunity Fund investment.
Sanity Check for Qualified Opportunity Zone Investments
A deadline is looming to maximize the stepped-up basis afforded to realized capital gains invested in qualified opportunity zone properties and businesses. To avoid making mistakes, here is a sanity check to see if investing in a QOZ property or business makes any sense.
White House OZ Council Releases List of Federal Programs Favoring OZs
The White House Opportunity and Revitalization Council members have identified over 160 Federal programs where targeting, preference, or additional support could be granted to Opportunity Zones. The Council has already taken action on over 130 grants or programs.
NM Economic Development Department Creates OZ Hub Website, Will Host OZ Forum
New Mexico Economic Development Department recently announced the creation of an OZ Hub website. The Hub hosts resources for business, communities, investors, and partners. Also, the New Mexico OZ Forum is happening August 27 in Albuquerque at the National Hispanic Cultural Center.
NJEDA Announces Opportunity Zone Challenge Program
The New Jersey Economic Development Authority (NJEDA) has launched the Opportunity Zone Challenge Program, a competitive grant program aimed at supporting community efforts to attract investments in Opportunity Zones. Grants awarded through the program will fund municipal and county-level financial and technical planning around Opportunity Zone economic development.
A Roadmap to Investment in Opportunity Funds
A recent report by Cushman & Wakefield found that the 138 Opportunity Zone funds it tracks are targeting an aggregate total of more than $44 billion in equity. If you haven't already jumped into the Opportunity Zone investor pool but you think you might want to, here's some information to help you decide if this is the right opportunity for you.
Podcast: Strategies for Collaborative Rural and Tribal Investment
The Emerald Coast Opportunity Zone in northwest Washington state is a unique group of rural municipalities and tribal nations that has collaborated on producing a portfolio of rural Opportunity Zone projects with scale.
Entrepreneurs Selected for Newly Launched Opportunity Zone Justice Accelerator
With funding support from the District of Columbia's Department of Small and Local Business Development, the Opportunity Zone Justice Accelerator seeks to strengthen and grow businesses founded by returning citizens. The pilot initiative also aims to drive new, long-term private capital investments to traditionally disinvested areas of the country.