Opportunity Zones

"It was not the intent of Congress for this tax incentive to be used to enrich political supporters or personal friends of senior administration officials, as recent reports indicate."

Among the changes to the $30 million in grant funding include making some funding available to potential cannabis dispensaries and related companies that are considering locations in qualified South and West side investment areas.

With depreciation incentives in opportunity zones, some foreign, high-net-worth and institutional investors are considering new markets.

ADISA's recent 2019 Annual Conference & Trade Show here is Las Vegas reported that 12 opportunity zone funds are currently covered by the alternative direct investment platform.

Pinnacle Partners and developer Nitze-Stagen broke ground last week for Seattle's first Opportunity Zone development called Canton Lofts, a $30 million apartment building in the historic Pioneer Square.

Here's how investors are going about picking the proper funds and deciding what fund models are attractive.

The event featured educational sessions that showcased New Jersey's resources for Opportunity Zone communities and investors and a pitch competition.

In recent months opportunity zones (OZ) have become a major topic of interest among investors, developers, urban planners and community activists.