Why So Many High Net-Worth People And Corporations Are Investing In Opportunity Zones!

Opportunity Zones And Presidential Executive Orders

Through our executive search services division we have many high net-worth clients and corporations focused on Opportunity Zones. We believe it all started with President Trumps Executive Orders that we posted as a report that identified what each of these executive orders really are. You can get a Copy of our Research as it took us a couple of weeks to identify all the code sections and what it really meant. President Trump and HUD Secretary Ben Carson have worked tirelessly to revitalize and create jobs through Opportunity Zones.

According to the National Conference State Housing Association,

President Donald Trump signed an executive order creating the White House Opportunity and Revitalization Council. The group, chaired by U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson, includes representatives from 13 federal agencies. The Council will coordinate federal efforts relating to Opportunity Zones and work to prioritize such neighborhoods for grant funding, loan guarantees, infrastructure spending, and other federal initiatives.

The executive order specifically directs the Council to streamline, coordinate, and target existing federal programs to economically distressed areas, including Opportunity Zones. It also directs the Council to consider legislative proposals and regulatory reform to remove barriers to revitalization efforts. The Council will present the President with a number of reports identifying and recommending ways to encourage investment in economically distressed communities.

President Trump launched the initiative at today’s signing ceremony by saying, “The Council will coordinate efforts across the entire federal government to deliver jobs, investment, and growth to the communities that need it the most. With the creation of today’s Council, the resources of the whole federal government will be leveraged to rebuild low-income and impoverished neighborhoods that have been ignored by Washington in years past. Our goal is to ensure that America’s great new prosperity is broadly shared by all of our citizens.”

As a result of President Trumps Executive Orders, so much revitalization of US cities is happening all around us. You can follow leading tax expert Blake Christian Blog Series on Opportunity Zones by requesting a copy of all of his Opportunity Zone Blogs. Blake is the expert all the Partners of the CPA firms around the country now go to in order to ensure these are properly structured for their clients.

Another prominent group that focuses on individuals interested in Opportunity Zones is Sortis Holdings. You can reach a man I highly recommend you talk to regarding information on investing in Opportunity Zones is Michael Sander at michael.sander@sortis.com. Or go to www.sortis.com to see their current programs.

Sortis works with the Presidents Council.

 

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