Opportunity Zones

Restoring Reporting Requirements Key to Defending Opportunity Zones’ Promise

Restoring Reporting Requirements Key to Defending Opportunity Zones’ Promise BY SHAY HAWKINS May 20, 2019 The United States has now seen 94 consecutive months of positive job growth, highlighting the strength of the overall economy. Despite this tremendous economic progress, however, some communities stay disconnected from the benefits of this expansion. Even in otherwise prosperous…

The Economic Innovation Group Applauds Bipartisan Bill on Reporting Requirements for Investments in Opportunity Zones

  The Economic Innovation Group (EIG) welcomed bipartisan Congressional action to affirm the importance of investment transparency in Opportunity Zones, and reinstate impact and outcome reporting measures from the Investing in Opportunity Act. In the Senate, Senators Cory Booker (D-NJ), Tim Scott (R-SC), Maggie Hassan (D-NH), and Todd Young (R-IN) introduced a bill (S. 1344) that would establish a reporting framework for investments in Opportunity…

Amid a crisis of inequality, $2 trillion of tax-free investing in Opportunity Zones could benefit both rich and poor

PUBLISHED MON, MAY 6 2019  9:00 AM EDTUPDATED MON, MAY 6 2019  10:04 AM EDT R. Paul Herman, CEO, and Noah Strouse, investment analyst, at HIP Investor KEY POINTS More than $2 trillion in unrealized gains sit on the ledgers of investors and corporations, according to the Economic Innovation Group. Investing these funds directly in 8,700 Opportunity…

Breaking News: City of Mt, Vernon, NY Awards HWDC Contract!

Breaking News: City of Mt, Vernon, NY Awards HWDC Contract! Mount Vernon Police Chief Ziadie and Police Officers are grateful for a leader who took ACTION to protect the Community, the Officers, and the City. Mount Vernon, NY – On March 14, 2019, The City of Mount Vernon awarded the contract to deliver Radio Products and…

FCC Chairman Sets $20B/10-Year Rural Broadband Funding Plan

The Federal Communications Commission (FCC) will be facilitating $20.4 billion of investments into high-speed broadband networks across rural America over the next 10 years, FCC Chairman Ajit Pai announced during a briefing with President Trump on April 12. To distribute those funds, the FCC will create the Rural Digital Opportunity Fund, which will provide funding…

Darnell Sutton and Mount Vernon Mayor Richard Thomas with Mount Vernon Officials: “Survey and Design Planning” Police Radio System & Fiber Optic Network.

Darnell Sutton and Mount Vernon Mayor with Mount Vernon Officials: “Survey and Design Planning” meeting regarding Police Radio System & Fiber Optic Network. HW President / CEO,  Darnell Sutton and Mount Vernon Mayor Richard Thomas and city officials meet to discuss Mount Vernon’s Police Radio System & Fiber Optic Network. HWDC advancing Phase 1 of…

Darnell Sutton is pictured with DC Office of Cable Television, Film, Music and Entertainment Director Angie Gates, Jason E. Turner and his son — with Darnell Sutton at Washington DC March Madness 2019. — with Jason E. Turner and Darnell Sutton.

Leveraging the Opportunity Zone Program- DC Mayor Bowser’s Annual March Madness 2019

Darnell Sutton attends DC Mayor Bowser’s Annual March Madness 2019 Washington DC Mayor Bowser Hosts Annual March Madness 2019 Event Leveraging the Opportunity Zone Program Today, Mayor Muriel Bowser and Deputy Mayor for Planning and Economic Development (DMPED) Brian Kenner hosted the fifth annual March Madness, a special preview of new and upcoming development projects…

Morgan Stanley- Qualified Opportunity Zones –– A New Investment Possibility- Published September 2018

When the Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, 2017 (P.L. 115-97), it opened the possibility for tax-incentivized investments into economically-distressed communities, designated as Qualified Opportunity Zones (QOZ), in every state and territory. Taxpayers with unrealized capital gains may be able to sell or dispose of their appreciated assets…

Opportunity Zones Frequently Asked Questions

Q. What is an Opportunity Zone? A. An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as Opportunity Zones if they have been nominated for that designation by the state and that nomination has been certified by the Secretary of the U.S.…

Morgan Stanley- Finding Opportunity in Opportunity Zones

FINDING OPPORTUNITY IN OPPORTUNITY ZONES US Public Policy Finding Opportunity in Opportunity Zones Investors with unrealized capital gains can receive significant tax benefits by reinvesting in newly designated Opportunity Zones. We summarize the opportunity and explore direct and secondary beneficiaries. The Tax Cuts and Jobs Act introduced a new federal tax incentive designed to promote…

HUD – EnVision Center

EnVision Center Under the leadership of President Donald J. Trump, the Administration is committed to reforming government services and expanding opportunities for more Americans to become self-sufficient. The EnVision Center demonstration will offer HUD-assisted families access to support services that can help them achieve self-sufficiency, thereby making scarce federal resources more readily available to a…

Opportunity Zone

Treasury, IRS Announce Final Round of Opportunity Zone Designations

une 14, 2018 Washington – The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today announced the final round of Opportunity Zone designations for four additional states. In total, the program designated areas in all 50 states, the District of Columbia and five U.S. possessions. The Tax Cuts and Jobs Act created Opportunity…