Events Calendar

Date: December 12, 2018 Time: 1:30 PM - 3:30 PM

Event Description Buried in the tax reform bill that was signed into law last December is a new place-based economic development program that could eventually lead to billions in investment in certain designated communities. The program offers a series of tax incentives to investors who deploy capital gains into "Opportunity Zones" - certain historically low-income Census designated by Governor Ivey back in March. Alex Flachsbart, founder of Opportunity Alabama (www.opportunityalabama.com [opportunityalabama.com]), the first statewide nonprofit educational organization around Opportunity Zones in the country, will explain the incentives that comprise this new program and how investors can receive them. He will then explore how the tool may be used to finance active businesses and real estate investment in these Opportunity Zones - and how that investment might benefit developers, business owners, and local communities.