Opportunity Zones PDF Print E-mail

The federal government designated the first set of Opportunity Zones in April 2018. The OZ market is quickly developing as investors actively seek projects to invest billions of dollars in unrealized capital gains. Communities are mobilizing to identify and align local projects within their OZs that are most attractive to investors.

HPG Network is offering a unique product called an Opportunity Zone Investment Prospectus that will allow you to market your OZs to investors across the country. The Opportunity Zone Investment Prospectus is an electronic document that will provide data that compares key demographics within the OZ to the surrounding community. Investors will be able to learn more about your community's growth, household income, demographics, employment and energy costs and how it compares to the area within the OZ itself via the Opportunity Zone Investment Prospectus.

Please contact HPG Network today to learn more about how we can help you maximize the investment in your Opportunity Zone at (260) 439-8372 or joy@hpgnetwork.com.

Frequently Asked Questions about Opportunity Zones*

Q. What is an Opportunity Zone?

A. An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as Opportunity Zones if they have been nominated for that designation by the state and that nomination has been certified by the Secretary of the U.S. Treasury via his delegation authority to the Internal Revenue Service.

Q. What is the purpose of Opportunity Zones?

A. Opportunity Zones are an economic development toolthat is, they are designed to spur economic development and job creation in distressed communities.

Q. How do Opportunity Zones spur economic development?

A. Opportunity Zones are designed to spur economic development by providing tax benefits to investors. First, investors can defer tax on any prior gains until the earlier of the date on which an investment is sold or exchanged, or December 31, 2026, so long as the gain is reinvested in a Qualified Opportunity Fund. Second, if the investor holds the investment in the Opportunity Fund for at least ten years, the investor would be eligible for an increase in basis equal to the fair market value of the investment on the date that the investment is sold or exchanged.

Q. Where can I find a list of Opportunity Zones in Indiana?

A. The State of Indiana's webpage has a map of designated Opportunity Zones here.

*Q&A source: www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions

Opportunity Zone Resources

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