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Opportunity Zones Newsletter Week of July 22, 2019

Data Gathering Is Crucial to the Success and Survival of Opportunity Zones

“We won’t know how effective this policy is, beyond how many people got a tax break, without data.”

“Our members feel that in exchange for the tax advantage that OZ represents, the disclosure of data so we can ascertain the efficacy of the policy would be a fair trade,” said Fran Seegull, Executive Director of the U.S. Impact Investing Alliance.

READ THE FULL BISNOW ARTICLE

Will Venture Capital Venture into Opportunity Zones?

“We have yet to see the same hype that overtook the real estate industry among venture capital types.”

The key challenge facing VC is that the parameters of the OZ program are not exactly aligned with traditional venture capital, which tends to be flexible and move quickly. Meanwhile, OZ was designed to reward patient capital, with benefits accruing at 5-, 7-, and 10-year milestones.

READ THE FULL COMMERCIAL OBSERVER ARTICLE

We Believe In Opportunity Zones. Here’s Why You Should Too.

An appeal from Jim Sorenson, founder of the Sorenson Impact Center.

Two communities and two investors will be celebrated at the Sorenson Impact Center’s Winter Innovation Summit in February 2020, where short films chronicling the impact of each of their stories will premiere. Applications are open now until August 31.

READ THE FULL FORBES ARTICLE

Consider Locating Your Startup in an “Opportunity Zone”

The OZ tax incentives could make your business more attractive to investors.

“A startup that locates its headquarters in an Opportunity Zone could satisfy the 50% gross income test regardless of whether its income is generated inside or outside of the Opportunity Zone,” the author writes.

READ THE FULL LEXOLOGY ARTICLE

NES FINANCIAL OZ WINS

Register Now for the OZ Insider Insights Webinar (August 14th)

Our Q3 webinar is packed with OZ industry leaders, sharing their experience to help your business.

How could your business benefit from the latest OZ market insights? Attend this free webinar, and you’ll get the latest analysis of emerging OZ trends, regulatory developments, investor motivations, and more.

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.