“Opportunity Zones are a unique investment vehicle, combining tax incentives with a one-of-a kind chance to become part of a city’s revolution. From the physical changes in a skyline to the day-to-day impacts on residents and local businesses, Opportunity Zone investing facilitates necessary positive change in underserved communities”
– Trisha Miller, Executive Managing Director, Capital Markets
In 2017 Congress established The Investing in Opportunity Act, an innovative way to spur economic growth and job creation in low-income communities. Through the initiative, investors with capital gains may be eligible for tax benefits, in exchange for long-term investments in areas designated as Qualified Opportunity Zones (QOZ). This primer gives guidance on the history of OZs, their tax advantages and their relevance for high net worth investing in today’s environment.