CalOZ
@CaliforniaOZ
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Dedicated to maximizing the transformative potential of #OpportunityZones in California.
California, USA
Joined January 2019
“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.” https://t.co/4grLfxuwGM
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Excited to be speaking about #OpportunityZones and inclusive economic development with @CaliforniaOZ at @CAeconomy alongside @CAgovernor @CAGoBiz @MoveCAFWD #CAEconomy
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CIM Group Announces Completion and Commercial Operation of First 125-Megawatt Phase of Aquamarine Solar Photovoltaic Project at Westlands Solar Park https://t.co/oh9B5bWOUH
#OpportunityZones #sustainability
businesswire.com
CIM Group has reached commercial operation of the first 125-megawatt phase of the 20,000 acre Westlands Solar Park in central California
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"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:
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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. opportunity zones can positively impact real estate development and help local communities. But to fully realize the program’s potential, it needs reform.
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Novogradac QOF Investment Tracking Reaches New Peak: $17.5 Billion as of June 30 Read More: https://t.co/4nIKG49sNn
#OpportunityZones @Novogradac @NovogradacCPAs
novoco.com
Investment in qualified opportunity funds (QOFs) continues to grow, surpassing the $17.5 billion mark in the newly released Novogradac Opportunity Zones Investment Report: Data Through June 30, 2021.
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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: https://t.co/tKmPDrWwl3
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. @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: https://t.co/TFsOP9vIAE
@Shay_Hawkins_OH @ZoneFunds @NovogradacCPAs
opportunityzones.com
OZ Pitch Day: One-day event for Opportunity Zones investors. Learn how to invest in Qualified Opportunity Funds & defer capital gains tax.
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“...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 https://t.co/4kxOGKMTnD
#OpportunityZones #AffordableHousing
dailybreeze.com
The project from SoLa Impact will see a five-story apartment center rise up on the corner of Fourth and Gaffey streets. It will be able to house up to 28 people.
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"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 https://t.co/WVf5Y9CbMd
opportunityzones.com
Agora Realty, a real estate developer based in southern California, has formed a joint venture with a family office to invest in properties located in opportunity zones. The $50 million fund will...
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“...such policy could augment the Internal Revenue Service’s ‘opportunity zones’ ... to specifically bolster decarbonization or environmental justice efforts.” https://t.co/8EjDMca3nv
#OpportunityZones #EnvironmentalJustice #CleanEnergy
thehill.com
Hydrogen’s time may have finally arrived, but where and how it is deployed will determine its benefits, both economic and environmental.
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"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." https://t.co/k4fFsyd2E7
@URBANCATALYST_, #OpportunityZones #EconomicDevelopment
opportunityzones.com
Urban Catalyst has completed the acquisition of land to be used for the development of its Delmas Senior Living project in downtown San Jose, CA. The facility, which is expected to break ground in...
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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: https://t.co/KBNGPiKDIM
@NovogradacCPAs, @Novogradac
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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: https://t.co/7cg7fkUMNm
@SenatorTimScott
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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. https://t.co/rQiuSAl8RT
mercurynews.com
A developer is moving closer to building a new hotel in downtown San Jose near the Google mixed-use village.
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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: https://t.co/bZluvrvkls
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Five ways existing landowners can benefit from deploying land into a QOF - read here: https://t.co/lRNxC5XMLj
#OpportunityZones #QOF @taxcredits_CPA
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“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
https://t.co/zFMutnGsPc
sbsun.com
The facility, a partnership between the county and private investors, was made possible because it’s in a Qualified Opportunity Zone, making it eligible for tax benefits.
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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!
Today @CAGoBiz released a comprehensive update to the #OpportunityZone site: funding, resources, best practices & tools to support economic & business development in economically-distressed communities. 🔗Website: https://t.co/4vsxSgDpiz 🔗Press release: https://t.co/iTlgkPsgbZ
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“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: https://t.co/8CGUJbFlNY
#opportunityzones @Bisnow
bisnow.com
High taxes and fewer breaks might mean higher investor interest in OZs.
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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:
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