The “Tax Cuts and Jobs Act of 2017” has qualified nearly 9,000 “Opportunity Zones” (QOZ) to stimulate investment in low-income communities. Thanks to the tax incentive attached to these census tracks, around $20 billion in capital has already been raised in QOZ Funds for development in the designated areas. In this podcast, we spoke with Gina Gavan, the “Chief Innovation Officer” of the City of North Las Vegas who explained what her agency is doing to make investments into North Las Vegas attractive to a variety of Opportunity Fund managers as well as what the future holds for the entire area.
Crowdfunding opportunity zone investments really has two separate paths: the real estate aspect of investment and the investment in the form of building businesses that can enter and thrive within a particular opportunity zone parcel. The City of Las Vegas is tackling these issues from both angles. As Ms. Gavin states on the podcast, there are a number of interesting real estate opportunities in the area that developers should consider, as well as opportunities for businesses of all sizes and markets where it may make sense for them to call the City of North Las Vegas their home. While a distinction must be made that the City of North Las Vegas is not technically the City of Las Vegas, it’s still obviously close enough to “Vegas” for real estate developers and business owners alike to investigate further by contacting Gina directly by phone at 702-633-1528 or call the general number at 702-633-1523. You can also visit the City of Las Vegas’ website here.
ABOUT OUR GUEST: Gina Gavan
The city of North Las Vegas has developed into a desirable location to live, work and play, due in part to the efforts of Gina Gavan. As the director of the Economic Development Division for the city, she is responsible for increasing and diversifying the economic growth for the city through business attraction, expansion and retention.
Gavan grew up in Bloomington, Indiana, and received her Bachelor of Science degree in liberal arts from Indiana University and moved to Las Vegas in 2000.
Many know her as the founder and visionary behind Project Dinner Table, a purpose-driven platform rooted in community engagement and social responsibility. Gavan also is the founder of Tribal Minds, an innovative Las Vegas-based consulting firm specializing in ground-up strategies, brand and sponsorship management, social responsibility and cause-oriented marketing. She has developed sharp expertise in cause mobilization and community advocacy, and in taking ideas from concept to implementation.
ABOUT THE CITY OF NORTH LAS VEGAS:
Located at the northern tip of the Las Vegas Valley, The City of North Las Vegas is one of Nevada’s fastest growing cities. North Las Vegas is characterized by its friendly atmosphere, development opportunities, civic pride and responsive government. Located in Clark County, the 100.48 square-mile City is surrounded by majestic mountains, desert valleys and an underlying current of dynamic growth. Sunshine is enjoyed 86% of the year with an average daily temperature of 78 degrees. North Las Vegas has something for everyone including vacation, recreational, cultural and historical attractions. This is an exciting time in the history of North Las Vegas. North Las Vegas is “Your Community of Choice,” a unique community to live, work and play.
All information provided is for informational purposes only. This information is not intended as legal or investment advice for anyone to make an investment in any one particular company and is not intended for any companies to rely on this information to form an opinion to go public or not to go public or to do any type of offering of securities. You must check with a securities attorney to find out if an offering is for you, or if you are going to be in the business of selling any type of securities, you need to make sure you are following your state and federal legislative law so you do not get into any troubles. Do not use the opinions as stated on this show as any way to form an opinion as what is wrong or right or what could be done for your business or as an investor.