Opportunity Zone Magazine Opportunity Zone Magazine Volume 1, Issue 1 | Page 55
UTILIZING OPPORTUNITY ZONES TO PARTNER WITH NON-PROFITS & SOCIAL ENTERPRISE TO IMPROVE PROFITS & PEOPLE’S LIVES
market. As Opportunity Zone investment requires a for-profit
entity in order to obtain the tax benefits, creating public-
private partnerships and social enterprise partnerships are key
components to fulfilling the goals.
For investors, impact investing into QOFs is the chance of a
lifetime. How often do individuals get the chance to target
an investment that will make his or her community better?
Consider how it would feel to invest in your own backyard to
tackle some of our most pressing public problems and earning
financial returns to do it! This might provide more personal
satisfaction than tracking a stock ticker.
The clock is ticking for non-profits to engage in the this
once-in-a-generation program. The QOZs expire on Dec.
31, 2028 and investors will miss out on 5 percent of the
step-up in basis if capital gains are not invested in 2019, so
think about your goals as an investor, community leader or
responsible citizen. Providing someone a second chance,
housing, safety, or any other benefit through a targeted
impact investment is the true “why” of Opportunity Zones.
How can you use Opportunity Zones to leave a legacy?
G raham A. A llison is CEO of Opportunity Zone Development
Group of Columbus, Ohio. Passionate about economic and
community development, Graham creates public-private
partnerships for developments that traditional approaches
failed to move forward. He has managed more than $2 billion
in projects, including mixed-use residential and commercial,
headquarters expansions, manufacturing, distribution centers,
and facilities for R&D and advanced energy. He has a B.A. in
international studies and French from Ohio Wesleyan University
and an MBA from Franklin University. His interest in development
came when a professor asked, “Have you tried development?”
Graham has managed the organization, financing and delivery of
real assets ever since.
David Souders
dsouders@toddassociates.com
Sources:
1
https://thehill.com/hilltv/rising/408980-mnuchin-predicts-100b-in-cap-investment-from-new-
opportunity-zones .
2
www.coffeecraftersacademy.com/
OPPORTUNITYZONEMAGAZINE.COM
Billy Gazley
bgazley@toddassociates.com
440.461.1101
www.toddassociates.com
53