CalOZ

“It’s absurdly early to be calling the game,” said Kunal Merchant, president of CalOZ, which facilitates deals in California. “I’m perfectly fine with the fact that people are taking their time to get this right.” caloz.org/news-clip-articles…

CIM Group Announces Completion and Commercial Operation of First 125-Megawatt Phase of Aquamarine Solar Photovoltaic Project at Westlands Solar Park businesswire.com/news/home/2… #OpportunityZones #sustainability

"By the end of 2019 the White House Council of Economic Advisors estimated that more than 1,500 #OpportunityZones Funds had raised more than $75 billion of capital." Read More: forbes.com/sites/sorensonimp…

U.S. 'opportunity zones' use tax breaks for developers to help poor neighborhoods — but are they really helping? Read: @TC_Africa theconversation.com/u-s-oppo…

Novogradac QOF Investment Tracking Reaches New Peak: $17.5 Billion as of June 30 Read More: novoco.com/notes-from-novogr… #OpportunityZones @Novogradac @NovogradacCPAs

ICYMI: Last week Kunal sat on a panel titled "Tax Policy Changes & Opportunity Zones" for @OpportunityDb's OZ Pitch Day to discuss the impending impact that tax policy changes by the Biden administration and Congress have on #OpportunityZones. Watch here: youtube.com/watch?v=pGpbn7vL…

. @OpportunityDb's OZ Pitch Day is tomorrow! We look forward to having @kunal_merchant on a panel at 11am ET to discuss the impact that impending tax policy changes will have on #OpportunityZones. Learn More: opportunitydb.com/pitch-day/ @Shay_Hawkins_OH @ZoneFunds @NovogradacCPAs

“...this lot will be not only an apartment unit but a symbol of hope for 28 souls who will no longer have to call sidewalks their home.” - Los Angeles Councilman Joe Buscaino dailybreeze.com/2021/07/19/s… #OpportunityZones #AffordableHousing

"We’ve seen first-hand how investment in urban infill areas can revitalize commercial districts, create opportunity for new startup companies, and add value to those that work and live in the areas where we invest” - Agora Realty CEO Cary Lefton opportunitydb.com/2021/07/ag…

“...such policy could augment the Internal Revenue Service’s ‘opportunity zones’ ... to specifically bolster decarbonization or environmental justice efforts.” thehill.com/opinion/energy-e… #OpportunityZones #EnvironmentalJustice #CleanEnergy

"The facility, which is expected to break ground in the third quarter of 2021, will be a six-story building consisting of 175,000 square feet and 165 units." opportunitydb.com/2021/07/ur… @URBANCATALYST_, #OpportunityZones #EconomicDevelopment

This legislation would boost the percentage of low-income communities that each state that can designate as OZs from 25% to 30%, which would create an estimated 950 additional OZs across the nation. Read More: novoco.com/news/house-legisl… @NovogradacCPAs, @Novogradac

ICYMI: Catch our June newsletter! Read about the CalOZ + RevOZ Capital Social Impact Summit, @CAGoBiz's new #OpportunityZones website, San Bernardino’s new Behavioral Health Facility, and more at: mailchi.mp/caloz/june2021 @SenatorTimScott

San Jose-based @URBANCATALYST_ was formed to create funds that investors can use to capitalize on tax advantages provided by #OpportunityZones - this new hotel could help serve people who have business downtown or people on leisure trips in the Bay Area. mercurynews.com/2021/06/14/b…

The @CityofCoachella Economic Development Office announced the launch of Opportunity Coachella, a business attraction competition and community engagement survey awarding over $15,000 in prizes specific to the city’s #OpportunityZones. Read More: coachella.org/Home/Component…

Five ways existing landowners can benefit from deploying land into a QOF - read here: bit.ly/3gfWwb3 #OpportunityZones #QOF @taxcredits_CPA

“Already millions of Americans have seen and benefited from the incredible potential of Opportunity Zones across the nation... look forward to hearing the success stories that come from their efforts.” - @SenatorTimScott #OpportunityZones sbsun.com/2021/06/03/new-juv…

Be sure to check out all the resources on @CAGoBiz's updated site - including 12 new community-shared examples of the #OpportunityZone tax incentive in use!

“Biden is likely going to look to mend, not end, opportunity zones and try to find a way to respond to the legitimate criticisms,” - CalOZ President, @kunal_merchant Read more: bisnow.com/national/news/opp… #opportunityzones @Bisnow

Creating Jobs and Fighting Wildfires with Opportunity Zones? Last week, Kunal spoke with CalOZ member Jordan Solomon, President of @ecostrat_inc, about the BDO Zone Investment Coalition and potential of biomass energy in CA #OpportunityZones. Watch here: vimeo.com/548884128