This week, Garnet and I continue our chat with Peter Stuart of Outlier Capital about Opportunity Zones -- we learn the three most important things to know about them, how Peter is capitalizing on them at Outlier Capital, some common mistakes, and we get a broader understanding of opportunity zones in general.
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- Opportunity Zone Maps — Search the 8700+ Qualified Opportunity Zones located in every U.S. state, territory, and the District of Columbia. QOZs cover nearly 12% of the U.S., and they are the home to 35 million Americans, 24 million jobs, and over 1.5 million businesses.
- Opportunity Zone Resource Center — Novogradac is a national professional services organization. This is a collection of resources the company has collected on opportunity zones.
- Ex-Microsoft managers launch Opportunity Zone fund, courting tech investors for real estate projects in low-income neighborhoods — Many Seattle tech workers are suddenly considering real estate investments, thanks to a new federal tax incentive. SmartCap Group says it’s ready with an opportunity for them. The Redmond, Wash. real estate firm just launched an Opportunity Zone Fund, a new investment vehicle created by the tax overhaul Republicans passed in 2017.
- Opportunity Zones in West Coast tech hubs rank highest for gentrification risk in new study — When Congress enacted a powerful new tax incentive that encourages investors to funnel capital gains into economically distressed areas, community leaders immediately began sounding alarm bells fearing gentrification. The concerns are particularly acute in already fast-growing tech hubs like Seattle and San Francisco.