Skip to main content.

Opportunity Zones Slowly Beginning to Gather Company Investments

Monday, December 30, 2019

The federal government’s Opportunity Zone program is beginning to gather investments in operating companies in markets across the United States.  Opportunity Zones are a federal government program that provides capital gains tax relief for taxpayers who invest in real estate or qualified companies in one of 8700 certified sites in all fifty states and US territories.

The accounting firm Novogradac reports that the 287 Opportunity Zone funds they are tracking represent $64.9 billion in community development investing capacity.  Furthermore, they reported that Qualified Opportunity Funds seeking capital from third-party investors is now at $3.17 billion based upon a survey of the 122 funds voluntarily reporting their investments. The investments target residential, commercial, operating businesses, hospitality and renewable energy.  Residential remains the prime known investment target for these Qualified Opportunity Funds but most of the funds provide a mix of investment categories.

Read full article

Category: (none)

Why Ohio?

7th Largest Economy in the U.S., 21st Worldwide

7th Largest Economy in the U.S., 21st Worldwide

No Corporate Income or Profits Tax

No Corporate Income or Profits Tax

Ohio is One of the Top 10 Freight Destinations

Ohio is One of the Top 10 Freight Destinations

Ohio Ranks No. 9 in Competitive Labor Environment

Ohio Ranks No. 9 in Competitive Labor Environment

Ohio Has the Fourth Largest Interstate Highway System

Ohio Has the Fourth Largest Interstate Highway System

$2.7 BillionBudget Reserve

$2.7 BillionBudget Reserve

EXPAND Greater Springfield Icon
EXPAND Greater Springfield 20 South Limestone Street, Suite 100 Springfield, Ohio, 45502 TOLL-FREE: (800) 803-1553 FAX: (937) 325-8765