On Wednesday, February 26, mayors from across the country joined the Council on Metro Economies and the New American City to discuss Opportunity Zone Funds, and how cities can leverage Opportunity Zone Funds to develop new city projects. Speakers included William Lambe of Enterprise Community Investment Inc., Noelle St. Clair of Woodforest National Bank, and
On November 5th, Louisville Mayor Greg Fischer announced one of the city's first Opportunity Zone investments by the Marin Group. According to the city, the new project will expand Blacksmith Iron Works, a fabrication and custom metal solutions business that recently moved into a 20,000 square-foot facility at 3100 Vermont Ave. - in the Russell neighborhood.
On October 29, 2018 The U.S. Treasury published its first set of proposed regulations governing Opportunity Zone tax incentives. Comment deadline on the proposed rules is December 28, 2018, and a public hearing is scheduled for January 10, 2019. U.S. Conference of Mayors Comments Letter to the IRS on Opportunity Zones - Submitted December 20th,
Statement by U.S. Conference of Mayors President Columbia (SC) Mayor Steve Benjamin on Meeting with Treasury Secretary on Opportunity Zones
Washington, DC—Today, a bipartisan delegation of mayors, led by U.S. Conference of Mayors (USCM) President Columbia (SC) Mayor Steve Benjamin, met with Treasury Secretary Steve Mnuchin to discuss the importance of timely and effective IRS guidance to implement the Opportunity Zone provisions of the Tax Cuts and Jobs Act of 2017. The delegation included Rochester