Opportunity Zones

ABOUT


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.

*This map was created using publicly available data. It represents an early effort to capture universities that are in or are adjacent to Opportunity Zones, based on each institution’s main mailing address. NOTE: If you believe your university is located in/near an opportunity zone and are not represented on this map please contact us (gri@northeastern.edu).

Contact


Dr. Phil Anderson
Director for Research / Chief Innovation Officer
p.anderson@northeastern.edu
703.772.0132

Angie Valencia
Assistant Director for External Affairs
a.valencia@northeastern.edu
857.407.8062

Links & Resources


EIG is a policy and advocacy organization dedicated to empowering entrepreneurs and investors to forge a more dynamic U.S. economy.
Learn more:https://eig.org/