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Opportunity Zones Newsletter Week of April 1, 2019

Is Your City Prepared for the Opportunity Zone Impact?

Accelerator for America wants to help governments and municipalities prepare for increased OZ investments.

Under AoA’s guidance, 30 cities to date have drafted Investment Prospectuses, clearly outlining their preparations for OZ impact. Their reasoning: “We’re saying, ‘If you’re going to put capital into these communities, here are the communities that are ready, and these are the things the community actually wants to do.’”

READ THE FULL FORBES ARTICLE

Private Equity Funds Should Consider the Qualified Opportunity Zone Program

A case for PE funds to embrace OZ incentives.

“Not only can private equity funds and their investors take advantage of the federal tax benefits under the new Qualified Opportunity Zones program, in many cases they are uniquely positioned to do so.”

READ THE FULL JD SUPRA ARTICLE

For Travis County, Texas, Opportunity Is Definitely Calling

A new report ranks the country’s top 306 counties for Opportunity Zone investments, and Austin’s Travis County is No. 1.

The report factored in employment, gross domestic product, population growth, poverty rates, and education level of the labor force. The data highlights a major point made by developers and Opportunity Zones experts: not all zones are created equal.

READ THE FULL REAL DEAL ARTICLE

Opportunity Zones: Will Upcoming Proposed Regulations Be Business Friendly?

Treasury decisions could make or break OZ for operating businesses.

“Given the pent-up demand for these investment opportunities, we expect that business activity, fund formation, and fund raising will move at a rapid pace once further guidance is issued.”

READ THE FULL NATIONAL LAW REVIEW ARTICLE

Opportunity Zones Expose Conflict Between Growth Advocates and Neighborhood Leaders

At a Seattle OZ event, long-simmering tensions come out.

“We want to see how this development is supposed to provide opportunity for us,” said one community representative. “We want jobs for people who live there and we don’t want those people who live there now or the small businesses who are there now to go away.”

READ THE FULL BISNOW ARTICLE

NES FINANCIAL OZ NEWS

Opportunity Fund Management: Assembling the Right Team

A breakdown of the three service providers you’ll need to launch your fund.

What does a fund administrator do? What can’t a fund administrator do? Who else will you need to hire? In this blog, we explain the roles that various third parties play in setting up a new Opportunity Zone Fund.

READ THE FULL NES FINANCIAL ARTICLE

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Opportunity Zones Industry Experts Share Their Insights

A Free NES Financial Webinar

It’s an exciting time for the young Opportunity Zones industry. The coming months will see longer-term market and regulatory conditions take shape. Don’t miss this free webinar, in which our panel of industry experts will share up-to-the-minute insights on each facet of the rapidly developing Opportunity Zones space.

CLICK HERE TO REGISTER

NES Financial: The leader in Opportunity Zone fund administration.

Based on our industry-leading experience in other specialized financial markets, we’ve developed the first purpose-built Opportunity Zone Fund Administration Suite — designed to minimize risk and maximize investor confidence.

LEARN MORE ABOUT HOW NES FINANCIAL’S OZ FUND ADMINISTRATION SUITE COULD HELP YOUR FUND.