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(1/3) Today, @HSELawLLP and @DowntownRoc experts Josh Gewolb, Laura Smith, and Heidi Zimmer-Meyer discussed how the federal #OpportunityZone program stands to benefit #ROC’s economy. Tax incentives accrue to investors and developers who improve assets in designated “zones.”pic.twitter.com/qjbaQYt2BH
(2/3) There are 31 designated Opportunity Zones in Greater Rochester, w/ 18 in the City of Rochester. Asset-rich areas, including #ROC’s Downtown Innovation Zone; cutting-edge facilities @followEBP and @Xerox campuses; and beyond represent prime development opportunities...
(3/3) Zones were selected by the state according to needs-based factors. It is expected that this significant new tax incentive for developers and investors will be good for #ROC in the near and long-term. More information is expected to come from the IRS and Treasury in 2019.
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