Bringing This News Right on Home Here In Mesa: Opportunities We Can Share

To be fair-and-balanced, your MesaZona bloggers wants to put this news right in front of your eyes now after months of local mainstream media making pitches to promote unsolicited developer proposals from three groups of investors who approached city officials for major 'make-overs' and 'transformation' in newly-created Opportunity Zones here in Arizona and Mesa.*
Just like Innovation Districts, these initiative have chances for better success when everyone is included and feels welcome.    

Metro Phoenix Opportunity Zones

LISC CEO to Congress: Here’s What Opportunity Zones Need To Succeed
Link > LISC Our Stories  

"Maurice A. Jones testified before the Joint Economic Committee of Congress on Thursday, May 17th, urging its members to implement Opportunity Zones in ways that will truly benefit Americans in underinvested communities.

The policy can spur billions in private investment in the country’s most distressed census tracts and play a major role in closing the opportunity gap, he said. But we need federal tax incentives and other strategies to help the program succeed. . ."

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May 17 2018

"The Promise of Opportunity Zones"

216 Hart

The Joint Economic Committee held a hearing on Thursday, May 17, 2018, at 10:00 a.m., in room 216 of the Hart Senate Office Building on "The Promise of Opportunity Zones."

https://youtu.be/hHH4QrzfctQ

 

WHO:

Senator Tim Scott of South Carolina
(Testimony here)

Senator Cory Booker of New Jersey
(Testimony here)

Mr. John Lettieri, Co-founder and President
Economic Innovation Group (EIG)
Washington, DC
(Testimony here)

Ms. Terri Ludwig, Chief Executive Officer
Enterprise Community Partners
New York, NY
(Testimony here)

Mr. Maurice A. Jones, President and CEO
Local Initiatives Support Corporation (LISC)
New York, NY
(Testimony here)

WHEN: 10:00 a.m., Thursday, May 17, 2018

WHERE: 216 Hart Senate Office Building

Chairman Erik Paulsen presiding.

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Related Files

• Senator Tim Scott Testimony.pdf (72.9 KBs)
• Senator Cory Booker Testimony.pdf (96.2 KBs)
• Terri Ludwig Testimony.pdf (115.6 KBs)
• Maurice Jones Testimony.pdf (61.8 KBs)
• John Lettieri Testimony.pdf (287.6 KBs)

Permalink: https://www.jec.senate.gov/public/index.cfm/2018/5/the-promise-of-opportunity-zones

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Here's the streaming 83-Minute Video uploaded to YouTube 

 

 

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* There are more than ten posts on this blog site that present information, comments and opinions on these initiatives - use the Search Box and type in either Innovation District or Opportunity Zones or Impact Investing or New Market Tax Credits, CDFI , noting that the U.S. Treasury Department and the IRS have yet to establish the structure for these tax incentives involving deferred capital gains at the same time that there's an extension of 1031 Tax Exchanges.