Here are five potential impacts of the Opportunity Zones Improvement, Transparency, and Extension Act, proposed in April 2022.
Still in its infancy, the U.S. Qualified Opportunity Zone Program shows promise to revitalize both large and small communities.
As part of the 2017 Tax Cuts and Jobs Act, Qualified Opportunity Zones across the U.S. provide a vehicle to reinvest capital gains for near- and long-term tax benefits.
Opportunity zones allow investors with unrealized capital gains to sell those assets and reinvest the gain in a QOZ with a bigger after-tax return.
Learn how Opportunity Zones are becoming prime investment opportunities for capital gains and how new IRS guidelines will impact on your plans for a QOZ near you.
The IRS has extended a critical deadline for investments in Qualified Opportunity Zones until the end of the year, hoping to entice investors who have largely sat on their money during the global pandemic.
The new federal qualified opportunity zone (QOZ) tax credits are expected to unleash up to $6 trillion in capital investment in more than 8,700 economically distressed areas in the U.S.
Just as with any planning technique, comparison of the potential benefits of Qualified Opportunity Zones to other tax deferral or elimination strategies remains crucial.
California is the top-ranked state for Opportunity Zones and Michigan leads in Automotive Manufacturing Strength in Business Facilities' 15th Annual Rankings Report.
Maryland has dedicated $56.5 million to attract new businesses to its Opportunity zones. MD also has extended a 10-year tax credit for jobs created in the zones.
The census tract containing the industrial park is among seven in Bowie County, TX, to receive the new federal designation.
Goodyear has many successful FTZs, which help foreign and international businesses establish and grow operations while limiting tariffs and fees.
The Garden State offers a “brain trust” with a highly skilled and educated workforce that makes it easy to recruit top talent.
The economic assistance is also expected to attract larger companies from around the globe to move to New York to tap into groundbreaking NYU research as well as the City's infrastructure, amenities, and other assets.
Developers can maximize cost credits up to 40 percent for projects in Paterson, Passaic, Trenton and Camden.
Seven additional Promise Zones—St. Louis, MO; Gary, IN; Flint, MI; Brownsville, TX; Rockford, IL; Macon, GA; and Rocky Mount, NC—have been announced.
The five Promise Zones—San Antonio, Philadelphia, Los Angeles, Southeastern Kentucky, and the Choctaw Nation of Oklahoma—are part of the 20 that will be announced over the next three years.
The September / October 2021 issue looks at startup ecosystems, innovation centers and Opportunity Zones. Plus, an exclusive interview with North Carolina Gov. Roy Cooper.
The investment will support local strategies to spur business and job growth in West Virginia, including in Opportunity Zones.
The September/October 2019 Issue features the booming logistics and transportation industry. Plus, a look at Qualified Opportunity Zones and Business/Industry/Tech Parks.