{"id":866,"date":"2022-02-09T12:26:13","date_gmt":"2022-02-09T20:26:13","guid":{"rendered":"https:\/\/crivellocapital.com\/?p=866"},"modified":"2022-02-28T11:24:29","modified_gmt":"2022-02-28T19:24:29","slug":"how-to-attract-investors-to-your-opportunity-zone","status":"publish","type":"post","link":"https:\/\/crivellocapital.com\/how-to-attract-investors-to-your-opportunity-zone\/","title":{"rendered":"How to Attract Investors to Your Opportunity Zone"},"content":{"rendered":"\n
It is not up to outsiders to decide what the right investment is for any given community. It falls to that community to recognize the needs of its businesses. Since 2017 with the Tax Cuts and Jobs Act, governors of states in the US have been able to designate certain areas as Opportunity Zones. Once designated, those community leaders and businesses in that area find there are few resources to discover how to engage Opportunity Zone investors to support them. The EPA outlines five key strategies for engaging Opportunity Zones investors including resources and tips that can help communities attract investment to their revitalization efforts.<\/p>\n\n\n\n
Investors in Opportunity Zones are seeking tax incentives to offset capital gains. While many OZ funds are altruistic, the investors in that fund are often simple seeking a tax shelter. <\/p>\n\n\n\n
The tax incentives of investing in an Opportunity Fund are:<\/p>\n\n\n\n
Defer federal capital gains taxes owed today for a period of years<\/li>
Be eligible to receive a reduction in those capital gains taxes<\/li>
Be exempted from paying future capital gains taxes if certain investment criteria are met. <\/li><\/ol>\n\n\n\n
Sometimes an Opportunity Fund is established by an individual investor, such as in the case of our Crivello Capital Fund. Opportunity Funds can invest in projects or businesses in any of the 8,700+ Opportunity Zones, they are not limited to the area in which the fund is created. <\/p>\n\n\n\n