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Opportunity Zones Can Uplift Communities and Investors Alike

Sunday, November 03, 2019

The program enables institutional and private investors to reduce taxes on current capital gains and avoid taxes on future capital gains—if they invest in low-income and rural communities.

While still very much in their infancy, opportunity zones are giving investors, commercial real estate professionals, economic developers and the distressed communities they aim to elevate all reasons for cautious hope, excitement and optimism.

It’s not hard to see why. While this still-new program has caused some investor uncertainty in the market, the potential to revitalize communities and reduce tax liabilities are attractive to economic developers and investors alike.

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“As the smaller chamber operating in the shadow of a larger, very aggressive one nearby, the North Myrtle Beach Chamber committed to take its game to the next level.  You and the NCDS team not only drove the creation of a bold new multi-year strategy, you generated buy in and a huge boost in revenue.  A great side benefit of launching and funding a new initiative was NCDS’ identification and engagement of a cadre of new leaders who had never really participated, much less invested at significant levels.  Your methodology works, and your experience in hundreds of other communities paid off for us in a major way.  So much so, we plan to kick off the next multi-year campaign this year.   In my book, NCDS remains the ‘gold standard’ for community development fundraising.”

Marc Jordan, CCE, President & CEO • North Myrtle Beach Chamber of Commerce Convention & Visitors Bureau

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National Community Development Services, Inc.
6300 Powers Ferry Road, Suite 600-165
Atlanta, GA  30339
Phone: (404) 231-0730
tdifiore@ncdsinc.net