The Opportunity in Opportunity Zones – OZI Information Session
April 30, 2019 @ 1:00 pm - 3:00 pm
Are you an investor looking to defer and decrease your capital gains tax?
Are you a community stakeholder, business, or developer looking to tap into new funding streams?
Join the Thurston Economic Development Council and Opportunity Zone Investments (OZI™) in learning about Opportunity Zones in Thurston County. This event will get you up to speed on the new federal program, what to expect moving forward, and how investors and local communities can maximize the benefits of the program.
Speakers for the event include Melissa LaFayette, Assistant Director for the National Development Council, Sharayah Lane with the Washington State Department of Commerce, Craig Nolte, Regional Manager Community Development with the Federal Reserve Bank of San Francisco, and local Tax Attorney Victoria S. Byerly. Local municipal and tribal leadership will highlight the opportunities in their designated zones.
DATE: Tuesday April 30, 2019
TIME: 1:00 p.m. – 3:00 p.m.
LOCATION: Center for Business & Innovation – SPSCC Lacey Campus 4220 6th Ave SE
Lacey, WA 98503
Background on Opportunity Zones:
The federal Tax Cuts and Jobs Act of 2017 created the Opportunity Zone program. This program provides investors tax benefits by deferring and decreasing their capital gains by making equity investments into real estate or businesses located within Opportunity Zones. Investments held over 10+ years receive a maximum benefit of permanent capital gains tax exclusion.
Thurston County has four Opportunity Zones located in downtown Olympia, Lacey, Grand Mound, and Nisqually.
OZI™ is built around two key factors. The program helps communities attract outside Opportunity Funds and mobilize local capital to create place-based Opportunity Funds.
The Opportunity Zone (OZ) program has the potential to be one of the largest Congress enacted economic development tools for economically distressed communities that our country has ever witnessed. Whether it’s promoting your investments to Opportunity Funds throughout the nation on our no cost listing platform or helping your community’s investors create an Opportunity Fund, we are here to help you maximize the benefits of the Opportunity Zone program. Learn more: https://opportunityzoneinvestments.com/