to roll capital gains into projects or companies in low-income areas in each state called Opportunity Zones. Gains compound tax-free with no limits on how much money you can put in and how much tax you can avoid. There are 8,700 designated OZ areas, which are required to have a poverty rate of at least 20% or a median household income that is less than 80% of that of the surrounding area.
Morgan is using an OZ Score for his investments that was developed by Activated Capital, which considers social returns for all of its investments. The score uses multiple metrics to measure investments on economic inclusion, community development and quality education.this year to raise $50 million to invest in real estate and operating businesses in Opportunity Zones.
In addition to the Impact Fund, KNGDM partnered with Activated Capital to raise up to $200 million for a new OZ fund focused on generating double bottom line returns via investments in real estate and operating/startup businesses. “It was clear to our team that Derrick wanted to be more than just an athlete,” says Josh Burrell, CEO of Activated.
kbadenhausen Which President enacted the Opportunity Zones?
kbadenhausen pulte Looks like a potential teammate for you.
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