economy

August 15, 2019

Opportunity zones have the potential to unlock an entirely new class of investors and bring high-tech, high-return AI companies to lower income communities in order to create jobs in and move capital to areas of poverty. For investors in startups focusing on advanced technology such as AI that might take decades to develop, exit or go public, opportunity zone investment provides an amazing, low-risk opportunity.

August 15, 2019

Real estate investors who want to maximize the return on investment from participating in the opportunity zone program will reap extra tax breaks if they finalize the transaction before the end of the year, but one expert is still urging they do their due diligence before rushing into the program.

August 14, 2019

Since the opportunity zone program was introduced, the flurry of investment activity that its architects foretold hasn’t materialized. In its place, an ecosystem of events, media, marketing and paid consultation has arisen and flourished -- an industry based on talking about opportunity zones rather than investing in them.

August 14, 2019

The United States Trade Representative office said Tuesday that new tariffs on certain consumer items would be delayed until Dec. 15, while other products were being removed from the new China tariff list altogether. It cited health and security factors. The duties had been set to go into effect on Sept. 1, so the announcement eased concerns about the holiday shopping season.

August 13, 2019

The US economy did pretty well during the Cold War. Per capita GDP rose by 150% in real terms from the end of World War Two through the collapse of the Soviet Union, with the stock market notching a similar inflation-adjusted performance. And when the long twilight struggle was over, America was on the verge of a historic productivity surge and technological advance.

August 11, 2019

Opportunity zone legislation is just too attractive for investors to sit and wait for the government to issue more guidelines around the practice, Urban Catalyst founder Erik Hayden said. Since the legislation, which provides tax incentives to investors who invest in selected distressed or low-income areas, passed at the end of 2017, investors have come off the sidelines.

August 11, 2019

When workers and retirees move to a new locale, local economies often reap a wealth of benefits. New residents not only pad a region’s tax base, they also contribute to the area’s vibrancy by shopping in local stores, purchasing area services or starting businesses of their own. As a result, states may compete to attract new residents and businesses.

August 09, 2019

To stimulate greater multifamily residential and commercial development in Opportunity Zones, U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced the Federal Housing Administration (FHA) will insure mortgages on mixed-use development under the agency’s Section 220 Program in thousands of lower income communities across the country.

August 08, 2019

These communities were chosen by governors from the wider universe of qualifying low income census tracts. Governors selected tracts that on the whole demonstrated far more distress across nearly every available social and economic measure than the eligible tracts they bypassed. The result is a map of both need and opportunity across which one of the most exciting economic and community development experiments in at least a generation will play out.

August 06, 2019

The economic divide in large cities continues to expand. Despite a financial resurgence following the 2007-2009 recession, the system wasn’t fixing itself. Enter Qualified Opportunity Zones (QOZ), a program included in the Tax Cuts and Jobs Act of 2017 designed to boost development in economically distressed communities.

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