The Opportunity in Opportunity Zones
Are you an investor looking to defer and decrease your capital gains tax?
Are you a community stakeholder, business, or developer looking to tap into new funding streams?
Join the Thurston Economic Development Council and Opportunity Zone Investments (OZI) in learning about Opportunity Zones in Thurston County. This event will get you up to speed on the new federal program, what to expect moving forward, and how investors and local communities can maximize the benefits of the program. Speakers for this event include the National Development Council, Washington State Department of Commerce, Washington State Department of Financial Institutions, a local Tax Attorney Victoria S. Byerly, and local municipal and tribal leadership who will highlight the opportunities in their designated zones.
Background on Opportunity Zones:
The federal Tax Cuts and Jobs Act of 2017 created the Opportunity Zone program. This program provides investors tax benefits by deferring and decreasing their capital gains by making equity investments into real estate or businesses located within Opportunity Zones. Investments held over 10+ years receive a maximum benefit of permanent capital gains tax exclusion.
Thurston County has four Opportunity Zones located in downtown Olympia, Lacey, Grand Mound, and Nisqually.