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

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 all programs. Programs & Services for Businesses Business & Industry Loan Guarantees Intermediary Relending Program…


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…


How ‘private 5G’ could enable Google and Amazon to become telcos

One of the technologies in the 5G wireless portfolio enables a transmitter to operate on unlicensed frequencies. Technically, that may mean you don’t need to own frequency to be a 5G carrier One of the key selling points of 5G wireless technology to the world’s telecommunications providers has been the opportunity to enter new markets…



HUD SECRETARY BEN CARSON TO CHAIR WHITE HOUSE COUNCIL ON AFFORDABLE HOUSING   HUD No. 19-096 HUD Public Affairs (202) 708-0685 FOR RELEASE Tuesday June 25, 2019 HUD SECRETARY BEN CARSON TO CHAIR WHITE HOUSE COUNCIL ON AFFORDABLE HOUSING WASHINGTON – Today, President Donald Trump signed an Executive Order establishing the White House Council on…


One Step Closer to Nationwide 5G: T-Mobile, Qualcomm and Ericsson take Massive Step Toward Delivering Broad 5G on Low-Band Spectrum

July 11, 2019 – Companies Complete World’s First Low-Band Data Session on a Commercial 5G Modem – Low-Band FDD Spectrum to Enable Wider Coverage and Deeper Signal Penetration for Accelerated 5G Network Deployments Around the Globe Bellevue, Washington – July 11, 2019 – T-Mobile (NASDAQ: TMUS), Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (NASDAQ:…

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…

Darnell Sutton with Ras Braka, Mayor, City of Newark

‘Smart Cities’ conference highlights Newark’s tech infrastructure

By: David Hutter June 26, 2019 12:18 pm Newark Mayor Ras Baraka and New Jersey Institute of Technology President Joel Bloom used the occasion of the June 26 New Jersey Alliance for Action Inaugural Statewide 5G Construction/Smart Cities Conference to tout the technology infrastructure that wires the state’s largest city. Newark Mayor Ras Baraka. “The…

Opportunity Zone

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…