Almost exactly two years after the passage of the 2017 Tax Cuts and Jobs Act brought to life the first new community development tax incentive in nearly 20 years, the Treasury and the IRS released the third – and, for now, final – round of regulations that outlined the rules of the road for utilizing the Opportunity Zone (OZ) incentive in the private sector marketplace.
Even now, a year later, we are still in early stages of understanding how Opportunity Zones can and should be implemented. There’s far more that we don’t know than we do know about this new industry, including an evolving regulatory landscape that now numbers in the hundreds of pages. But we want to share what we have learned so far, at least as a buttress against the abundance of misinformation, wishful thinking, and confusion.
Timed with the publishing of “The Guide to Making Opportunity Zones Work” our comprehensive practical and technical guide to Opportunity Zones for investors, fund managers, developers, and most importantly, communities - we are hosting this virtual event to kick-start a dialogue about the promise and challenges related to Opportunity Zones.
Panels and timing:
- Panel I, 1:00 p.m. ET “OZs and the first 100 days of the new administration”
- Panel 2, 1:50 p.m. ET "How to catalyze operating businesses in OZs"
- Panel 3, 2:40 p.m. ET "Maximizing sustainable impact and community benefit in OZs"
Hosting this event from CohnReznick:
- Ira Weinstein, Managing Principal, Real Estate and Cannabis Industries
- Beth Mullen, Partner, Affordable Housing Industry Leader
- Tama Huang, Chief Innovation Officer
Special guest speakers:
- Steve Glickman, Founder and CEO of Develop LLP, Co-Founder and former CEO of the Economic Innovation Group (EIG), and co-author of CohnReznick's “The Guide to Making Opportunity Zones Work”
- Emily Lavery, Legislative Assistant to U.S. Sen. Tim Scott
- Jonathan Tower, Founder and Managing Partner, Arctaris Impact Investors
- Ross Baird, Founder and CEO, Blueprint Local
- Martin Muoto, CEO, Founder/Managing Partner, SoLa Impact
- Ja'Ron K. Smith, Deputy Assistant to the President for Domestic Policy, Domestic Policy Council Executive Office of the President
- Evan Giesemann, Tax and Economic Policy Advisor, to Congresswoman Terri A. Sewell (D-Ala.)
- Jeremy Keele, Managing Partner, Catalyst Opportunity Fund
- Jennifer Collins, Inclusive Community Impact Investing Lead, Beeck Center for Social Impact & Innovation, Georgetown University
- Derrick Morgan, Managing Partner, KNGDM Group
- Leonard Mills, President & CEO, Verte Opportunity Fund
- Stephanie Copeland, Partner, Four Points Funding
Please note the webinar will be played through your web browser. Speakers or a headset is required.