Opportunity Zones - Less Talk, More Action
Updated: Jul 2, 2019
Catalyst Asset Management President, Joseph Bonora, was a featured panelist for the Society of Real Estate Professionals (SOREP) Breakfast Panel: Opportunity Zone Investment & Development on June 18, 2019. Mr. Bonora was joined on the panel by PTM Partners CEO Michael Tillman and the panel was moderated by Opportunity Zone expert James Lang of Law Firm Greenberg Traurig. Panelists discussed working together with fellow developers and city governments to improve the community in an impactful way.
Opportunity Zones are an effective tool for developers and local jurisdictions to get projects done that present challenges in securing financing. The program’s tax incentive enables individuals and corporate taxpayers to defer capital gains (long and short term) on the sale of stock, assets, and other property by investing the proceeds into a certified opportunity zone fund that provides equity to businesses or projects within designated, distressed communities.
Catalyst is committed to supporting growth of small businesses and the development of housing, healthcare, education and community centers nationwide. Contact the Catalyst team for more information on Opportunity Zones, qualified census tracts and designation process. https://www.catalystimpact.org/contact