Opportunity Zones

The United States Opportunity Zones
The United States Opportunity Zones

An Opportunity Zone is an economically-distressed community where new investments may be eligible for preferential tax treatment.

The Governors of each state nominated up to 25 percent of census tracts that either have poverty rates of at least 20 percent or median family incomes of no more than 80 percent of statewide or metropolitan area family income plus 5% of each states nominated tracts were exempt from low income qualification.

The IRS then qualified 8,700+ of the nationally nominated census tracks as opportunity zones equal to approximately 1 percent of the US land area.

Opportunity Zones are designed to spur economic development by providing tax benefits to investors and to encourage long-term investments in low-income urban and rural communities nationwide.

OppZone / Smart Cities Events with Darnell Sutton, CEO,
Hollywall Entertainment, Inc. / Hollywall Development Company

Treasury and IRS Issue Final Regulations on Opportunity Zones

Washington –The U.S. Treasury Department and the IRS today issued final regulations implementing the Opportunity Zones tax incentive. Opportunity Zones, created by the Tax Cuts and Jobs Act, offer capital gains tax relief for investments in economically distressed areas. “Opportunity Zones are helping to revitalize communities and create jobs for hardworking Americans,” said Secretary Steven…

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Opportunity Zones

Fairness and Opportunity for Hardworking Americans

https://home.treasury.gov/policy-issues/top-priorities/tax-cuts-and-jobs-act/fairness-and-opportunity-for-hardworking   Cutting red tape has been a core tenet of the Trump Administration’s economic policies. While the Tax Cuts and Jobs Act includes $5.5 trillion in gross tax cuts, it also includes $4 trillion in reforms, including the elimination of special-interest loopholes and protection of important tax benefits. The Act also created the federal…

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What Are Opportunity Zones?

Opportunity Zones were added to the tax code by the Tax Cuts and Jobs Act on December 2017 with the purpose of spurring economic development and job creation in certain communities with private capital. Over 8,700 census tracts were certified as Opportunity Zones throughout the Unites States, including Puerto Rico and other US territories. A…

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Darnell Sutton Gives Inspiring Speech at Driving America’s Growth Conference

Darnell Sutton Gives an Inspiring Speech to Encourage Ending the Digital Divide and Serving Underserved Communities During the Driving America’s Growth Conference. Darnell Sutton Speaks at Driving America's Growth Conference Darnell Sutton gave a Rousing speech to promote Closing the Digital Divide, Serving Underserved Communities and the expansion of Broadband Networks within Opportunity Zones.  …

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SAVOR

HWDC CELEBRATES WITH APRIL RICHARDSON GRAND OPENING OF “SAVOR” IN MARYLAND OPZONE Prince George’s County First Food Court HWDC Congratulates April Richardson, Founder of Food Opportunity LLC and the Grand Opening of Savor Food Hall. This is the second major business Ms. Richardson has founded within the past two years to support and grow local…

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HWDC Pres / CEO Darnell Sutton with Mt. Vernon Mayor Andre Wallace

HWDC on the Move – Discusses Ongoing Plans with Mayor Andre Wallace to Build Mt. Vernon, NY into a Smart City.

HWDC on the Move – Discusses Ongoing Plans with Mayor Andre Wallace to Build Mt Vernon, NY into a Smart City. HWDC Pres / CEO Darnell Sutton with Mt. Vernon Mayor Andre Wallace HWDC Pres/ CEO Darnell Sutton with Mt. Vernon Mayor Andre Wallace; Crown Castle Executives, Joanne Piquion & Curt Fox; Former Mayor Mt.…

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HWDC On the Move – Now in Paterson, New Jersey with Mayor André Sayegh!

HWDC On the Move – Now in Paterson, New Jersey with Mayor André Sayegh! HWDC Pres/CEO Darnell Sutton meets Paterson NJ Mayor André Sayegh regarding  Smart City and Op Zone Initiatives. Darnell Sutton meets Mayor André Sayegh of Paterson NJ Darnell Sutton meets Mayor André Sayegh of Paterson NJ Mayor Andre Sayegh, Paterson, NJ with: Director…

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Mount Vernon Skyline Westchester County, New York

Westchester getting a New “Smart City”

Westchester getting a New “Smart City“ The city of Mount Vernon, in Westchester County is getting smarter. The community, which is just 22 minutes away from mid-town Manhattan via the Metro North Railroad, inked a contract with Hollywall Development Company, to transform it into a smart city. HWDC is a minority-controlled infrastructure investment firm which…

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Darnell Sutton, Leads Municipalities into the 21st Century, Smart Cities and Developing Opportunity Zones

Hollywall Development Company’s (HWDC) Founder/President & CEO, Darnell Sutton, Leads Municipalities into the 21st Century as Smart Cities and in Developing Opportunity Zones WASHINGTON, DC / ACCESSWIRE / May 31, 2019 / Darnell Sutton, Founder/President & CEO of Hollywall Development Company, LLC., (HWDC), a subsidiary of Hollywall Entertainment, Inc. (OTC PINK: HWAL) continues to lead…

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HUD OFFERS $112 MILLION TO EXPAND AFFORDABLE HOUSING OPPORTUNITIES FOR LOW-INCOME PERSONS WITH DISABILITIES

HUD OFFERS $112 MILLION TO EXPAND AFFORDABLE HOUSING OPPORTUNITIES FOR LOW-INCOME PERSONS WITH DISABILITIES Available funding includes $75 million in capital to produce new housing WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today that there is a combined $112 million available to expand the supply of permanent affordable housing for…

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USDA Rural Development operates over fifty financial assistance programs for a variety of rural applications.

USDA Rural Development operates over fifty financial assistance programs for a variety of rural applications. Programs & Services USDA Rural Development operates over fifty financial assistance programs for a variety of rural applications. Select a category that best describes your situation, and see what RD can do to assist you. We also offer a list of…

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Telecom Programs

Telecom Programs Announcement : For information about the broadband pilot program (ReConnect Program) authorized in the Consolidated Appropriations Act, 2018 please log into :  https://reconnect.usda.gov USDA is investing in Rural Broadband to rebuild America’s infrastructure. Read more. Access to broadband has become essential for the social and economic benefits it provides to American residents, businesses, governments…

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