Opportunity Zone
Wisconsin Legislature Enhances Opportunity Zone Investing, Capital Gains Relief
Recently the Wisconsin legislature, in both chambers, overwhelmingly voted to enhance the opportunity zone; massive tax savings for investors who invest in economic development projects in the State’s 60 urban and rural communities that qualify. This would in effect double the capital gains tax savings. Investors’ tax liability can be reduced by as much as…
Read MoreLac Du Flambeau Open For Business
There were many insights shared at our recent Opportunity Zone Summit in Lac du Flambeau. But I believe there was a moment of enlightenment when Lac du Flambeau Band of Superior Chippewa Indians President Joseph Wildcat, Sr., spoke about how the Tribe is open for business. President Wildcat spoke on behalf of Tribal Council and…
Read MoreNorthwoods Forum on Economic Development
The Northwoods Forum also recently brought together regional business leaders to discuss strategy and best practices for economic growth. Perfect timing, considering the momentum building for capital gains tax incentives following our Opportunity Zone Summit in Lac du Flambeau. LDF Business Development Corporation COO Randy Soulier clarified some misperceptions of working with the Tribe. And…
Read MoreOpportunity Zones in Indian Country
This is a guest post from Justin Fisk – Director of Policy and Research at the Native American Financial Services Association (NAFSA). The Tax Cuts and Jobs Act of 2017 introduced a new term to the tax code called Opportunity Zones. These are defined as an “economically-distressed community where new investments, under certain conditions, may…
Read MoreRegional Investment Interest Builds
Editor’s Note: To read the Forbes article that references this blog post about Opportunity Zones, visit here. Last week’s Opportunity Zone Summit in Lac du Flambeau showed regional momentum building around what’s been described as the largest federal economic development program in the last 15 years. State, county, tribal and municipal leaders, as well as private developers and investors, learned about…
Read MoreKeep More of Your Capital Gains
Opportunity Zones are Coming If you want to keep more of your capital gains or you’re seeking investment capital for a development, you’ll want to keep reading. Opportunity Zones are coming! According to the Wisconsin Housing and Economic Development Authority (WHEDA), Opportunity Zones are the largest federal economic development program in the last 15 years.…
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