Economic development creates opportunities to grow state, local and metro areas, which are essential for economic growth, improved quality of life and community development. QOZ articles below.
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.
Logistics are being upgraded to support expanding oil and gas production, including a larger regional airport in Lea County now offering non-stop flights to Denver.
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.