Read all of ImpactAlpha’s industry leading Opportunity Zone coverage. Not knowing the impact of Opportunity Zone investments puts communities, as well as investors seeking tax-advantaged returns, at risk. The good news: impact investors have spent a decade building the tools to measure and manage impact, even without a federal mandate. Opportunity Zone, or “OZ”, investors
- The zones are “the biggest experiment today in the American economy...to tackle what I think is the biggest challenge in the American economy, which is the lack of opportunity that so many American households suffer through," says Shah.
- Impact Capital Forum and law-firm Orrick gathered New York real estate investors, fund managers, impact investors, attorneys and consultants to take stock of the opportunity zone opportunity.
- The U.S. Treasury on Friday released the first of two tranches of proposed regulatory guidance on opportunity zone investments.
- The Kresge and Rockefeller foundations this summer issued a call for fund managers considering opportunity funds with inclusive investment theses.
- The overwhelming response was a signal that “fund managers across the country are engaged and moving quickly to raise capital to invest in opportunity zones,” Kresge President Rip Rapson writes on ImpactAlpha.
- Supermarket investments are difficult and potentially more risky in lower income areas than the tony areas of many cities or suburban communities. Perhaps the opportunity zone tax advantage could both mitigate that risk and meet the objectives of the Act’s framers.
- Impact measurement and data collection have emerged as key focal points of philanthropic foundation efforts to ensure the opportunity zone capital flows to projects that deliver inclusive prosperity in underinvested communities.