Watch the recording of this webinar. Opportunity Zones have received a lot of press, both good and bad. They are a new way to attract large-scale investments to tough parts of the country. However, understanding and communicating their benefits is not so simple. Join Abigail Emison of Vita Nuova and Michael Malley of Mikton Consulting as[…]
Changing a site to something productive takes vision and persistence over a long period of time. This type of work also requires new and creative partnerships. The Overland Jeep 80-acre site in Toledo, Ohio is a great example of working partnerships. From 1888 to 2006, the site was home to Toledo’s century-old automobile manufacturing hub,[…]
Knowledge Center Posts: IRS Extends Deadlines for Qualified Opportunity Zone Investors Rebuilding Distressed Communities in Opportunity Zones Brownfield Revitalization Gets a Big Boost from Opportunity Zone Fund Regulation Webinars: Redevelopment Series: Opportunity Zones–What Happens Next?
On June 4, 2020, the Department of Treasury and IRS issued Notice 2020-39. This Notice modifies the deadlines contained in Notice 2020-23 as described in my May 21st article. The new Notice issued on June 4th provides additional extensions of time to investors of qualified opportunity funds (QOFs) in response to the COVID-19 pandemic. Specifically,[…]
Optimism remains high that the qualified opportunity zone program will assist in rebuilding distressed communities in opportunity zones post-pandemic given the increase of capital gain investment in qualified opportunity funds. Since the Secretary of the United States Department of Health and Human Services declared a public health emergency on January 31, 2020, under section 319[…]
Kirsten McGregor, Principal of SAGAX Associates, LLC since 2013, is an Economic Recovery and Development Consultant supporting governments, nonprofit organizations, public-private partnerships, and businesses respond to and prepare for economic disruptions and disasters. Some of her major assignments include: Senior Policy Advisor on President Obama’s Hurricane Sandy Task Force, Lead Economic Recovery Coordinator Consultant with[…]
The US Environmental Protection Agency recently announced that 151 communities and tribes were selected to receive $65.6 million in EPA Brownfields funding to assess, cleanup, and redevelop underutilized properties. These funds will assist communities in recycling vacant and abandoned contaminated properties for new and productive reuses. Nearly 30% of the communities selected are receiving brownfields[…]