The creation of Opportunity Zones was authorized by the 2017 Tax Cut and Jobs Act. Nominated by governors and certified by the U.S. Department of the Treasury in June 2018, Opportunity Zones are low income census tracts that are eligible for significant tax advantaged investments. There are now over 8,700 Qualified Opportunity Zones nationwide, including the entire territory of Puerto Rico.
Once the IRS provides final rules in the Fall 2018, the financing of new projects and enterprises will be able to tap the trillions of dollars in unrealized capital gains that are eligible to receive capital gains tax relief if they are invested in Opportunity Funds.
While GRI has the knowledge base and the proven processes and tools to create everything an Opportunity Zone needs to produce effective, resilient solutions, we will need to enlist others to scale this nationally. Specifically, we plan to leverage the presence and power of state colleges and universities across the United States. More than 300 universities across the nation are in or adjacent to an opportunity zone. These geographically proximate institution of higher educations (IHE) can provide the expert workforce necessary to implement the assessments, apply the tools, assess the results and suggest further relevant research.
The map below pinpoints* colleges and universities located in or adjacent to an Opportunity Zone.
Dr. Phil Anderson
Director for Research / Chief Innovation Officer
Assistant Director for External Affairs
Links & Resources
EIG is a policy and advocacy organization dedicated to empowering entrepreneurs and investors to forge a more dynamic U.S. economy.
Aging natural gas lines show pressing danger of aging infrastructure | Leveraging Opportunity Zones for Resilience
by Alexis Palmer
Throughout this series have been stories of failing infrastructure that causes serious, long lasting…
Prolonged post-hurricane electricity outages highlight need for more resilient energy infrastructure | Leveraging Opportunity Zones for Resilience
by Delanie Smither
The 2017 Hurricane Season left Puerto Rico reeling, isolated, and in the dark. Hurricane…