Opportunity Zones - Redefining Cleveland

Sales of development sites in Opportunity Zones nationwide have spiked 80% in the first three quarters of 2018, compared with the same period last year, according to data firm Real Capital Analytics.  

Opportunity Zones are a new community development program established in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. The goal of the Opportunity Zone program is to allow investors to defer capital gains from the sale or exchange of property by investing the proceeds in an Opportunity Fund. The fund would then invest these assets in businesses within an Opportunity Zone. 

The State of Ohio recommended 320 census tracts for designation as Opportunity Zones. Of those, 64 are located in Cuyahoga County.    

Join the Greater Cleveland Partnership on December 11, 2018 from 7:30-9:00 a.m. for an in-depth discussion on Opportunity Zones.  Hear perspectives from seasoned professionals all engaged in ensuring this program brings positive and significant impact to Cleveland and its neighborhoods.
 

Our Speakers:

Kevin Alin, President, New Frontiers Development Group
Terry Coyne, Vice Chairman, Newmark Knight Frank
Tracy Nichols, Director of Financial Services, Project Management Consultants LLC
Annette Stevenson, Partner, Novogradac & Company LLP
Michael Taylor, Senior Vice President, Community Development Banking, PNC

Moderated by:  Yvette Ittu, President, Cleveland Development Advisors

Timeline:

7:30 - 8:00 a.m. Registration and Networking
8:00 - 9:30 a.m. Program
 
For more information, please call (216) 592-2390 or email events@gcpartnership.com

Thank You to our Sponsors