Opportunity Zones: Regulation Innovation in Asset Management

TL;DR

The panel discusses the potential of Opportunity Zones, highlighting the benefits for investors and communities, as well as the importance of tracking and measuring impact.

Transcript

I'm really excited to be here today talking about opportunity zones as many of you know skybridge has launched an opportunity zone reap we're extremely excited about the program we think you know it will be very successful from both a you know policy impact perspective but is also a great opportunity for investors to do good but make money as well ... Read More

Key Insights

• 💄 Opportunity Zones offer the chance to make a positive social impact while achieving financial returns, making it an attractive investment program.
• 🆘 The program's success relies on accurate tracking and reporting of impact, which will help address skeptics' concerns and continue bipartisan support.
• 🏦 Banks, especially small community banks, play a significant role in lending to projects in Opportunity Zones and benefit from the Community Reinvestment Act.

Questions & Answers

Q: How does the Opportunity Zones program allow investors to make a social impact and generate financial returns?

Opportunity Zones offer investors the opportunity to invest capital gains in economically distressed areas, creating jobs and economic growth. This program allows investors to make a positive social impact while potentially enjoying tax benefits and financial returns.

Q: How can communities attract investment in their Opportunity Zones?

Localities can reduce red tape, update building codes, and streamline the permitting process to incentivize developers and investors. They can also offer tax credits and create investment prospectuses to market their areas to potential investors.

Q: What role do banks play in Opportunity Zones?

Banks, especially small banks, are significant beneficiaries of the Opportunity Zones program. Community banks can lend to projects in these zones, which helps create jobs and economic growth, aligning with the Community Reinvestment Act (CRA).

Q: How important is tracking and reporting impact in Opportunity Zones?

Proper tracking and reporting of impact are critical in measuring the success of the program. It allows both investors and communities to evaluate the effectiveness of investments and provides evidence to attract more capital to these areas.

Summary & Key Takeaways

• The panel discusses the potential of Opportunity Zones as a way to invest and make a positive social impact while also generating financial returns.

• They emphasize the importance of reporting and tracking impact to measure the success of the program and attract skeptics.

• The panel explores the role of banks in lending and the potential for communities to incentivize investment through regulatory changes.