We all know how hard it is to get bipartisan support for anything in the political realm, but Qualified Opportunity Zones (QOZ) investing seems to be the exception. Senator Tim Scott’s QOZ initiative has already generated $75 billion into Opportunity Zone fund investment, and the program is still in its infancy! In this podcast, Emily Lavery, the legislative assistant to Senator Scott, talks about the past, present, and future of the Opportunity Zones program – and explains why job creation is the key component for its success.
Listen to “The Evolution of Opportunity Zones Investing” on Spreaker.
When you want to get the real facts and information about Opportunity Zone investing, you go straight to the Opportunity Zones Authority! With Opportunity Zones being the centerpiece of Senator Scott’s Opportunity Agenda, we are seeing significant positive movement and IRS guidance from when the program was first initiated back in 2017. So how are Opportunity Zone Funds, investors, developers, projects, etc properly implementing this revitalization program? Listen to this podcast as Ms. Lavery goes over many significant points and provides a window into the QOZ Marketplace with her insights into the evolution of the program from first initiated up until today.
In addition, with job creation being so important, businesses located in Opportunity Zones now have a resource to find employees at the Opportunity NOW Job Board. As mentioned on the podcast, while most people are mostly interested in real estate deals within these opportunity zones, it’s the business component that will make these areas thrive!
While every investment sector has obviously been hit hard by Covid, there are still many groundbreaking projects located in Opportunity Zones across the country that are serving as anecdotal evidence that QOZ investing is something investors should look into if they want to defer their capital gains tax. With so much capital gains money sitting on the sidelines, can you imagine the impact this program will have long-term when more and more people realize its potential? Questions? Visit Senator Scott’s Opportunity Zones website resource for more information.
Per Senate rules, this podcast episode and links to the various websites above have not been endorsed by any governmental agency.
ABOUT OUR GUEST: Emily Lavery
Ms. Emily Lavery currently serves as Senator Tim Scott’s Legislative Assistant for his work on the Senate Committee on Finance and lead policy advisor for Opportunity Zones. Emily advises Senator Scott on broad federal tax policy, including implementation of the 2017 Tax Cuts and Jobs Act, which Senator Scott was a key architect of, as well as the Opportunity Zones incentive, which was Senator Scott’s keystone legislation enacted as a part of tax reform.
This is her fifth year serving on Senator Scott’s legislative team. Emily is also a fourth year at the Washington College of Law, where she attends part-time as a Jurist Merit Scholar.
Previously, she attended the University of South Carolina for her undergraduate degree where she was a Simms Merit Scholar.
IMPORTANT!
All information provided is for informational purposes only. Mapable USA is not a registered broker-dealer, funding portal, or investment advisor. This information presented on this website/podcast is not intended as legal or investment advice for anyone to make an investment in any 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. Any information presented is not an offer or solicitation to purchase or sell any securities or financial products. None of the information on the Mapable USA podcast or website takes into account any individual person’s personal objectives, financial situation, needs, or particular circumstances. 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. Mapable, LLC recommends you obtain your own financial, legal, and taxation advice before making any financial investment decision.
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