This program was only signed into law in the last few days of 2017 and there are still many details to be worked out. Each state has had their opportunity zones selected and approved. We are closely following the IRS and their published guidance to open our qualifying Oz Investment Fund.
It is estimated that there may be $6+ trillion in corporate and personal funding available and eligible for opportunity zone programs. The Economic Innovation Group, a bipartisan public policy organization, is closely following the process and promoting this new tax incentive. If even a fraction of that liquidity actually invests it could mean tens of billions of dollars in new tax-friendly investment opportunity.