Join business and community leaders to learn more about the Opportunity Zone initiative and gain practical advice and the latest information on how to use this new tax incentive to invest in rural, urban, and Tribal communities. Learn from impact investors, philanthropists, government representatives, financial advisors, and other Opportunity Zone experts throughout the day. Participants will have the opportunity to work together to engage, inform and influence key projects in shaping the future of Washington State by investing in local communities with thoughtful leadership and empowering, innovative projects.
The Federal Reserve Bank of San Francisco, Washington State Department of Commerce and the National Development Council invite you to a special statewide convening of Opportunity Zone stakeholders.
Location: Bell Harbor Conference Center, Seattle, WA
Time: 8:00 - 5:00pm
This is the link to register and the discount code 4@v3fu7 for free tickets.
WHO SHOULD ATTEND?
Opportunity Zone community leaders, developers, investors, project sponsors, finance and accounting professionals, foundations and other philanthropic investors focused on Opportunity Zone communities are invited to attend this event.
SPECIAL REQUEST TO PHILANTHROPY NORTHWEST MEMBERS:
We are looking for advisors for our November 15 afternoon Fast Pitch Session: As part of a 2 year commitment by the Washington State Department of Commerce to help Opportunity Zones get from community vision to project funding, communities and businesses will take part in short “fast pitch” sessions to discuss their ideas with investors, advisors, philanthropy, and federal or government agencies. Please contact Sarah Lee, Washington State Department of Commerce, to participate.
In addition to the Fast Pitch opportunity, you’ll hear from panels of community leaders, investors, developers, impact investment advisors, project financing and accounting professionals, foundations and other philanthropic investors will present on the topics of:
· The latest news about Opportunity Zones
· Opportunities provided by private investors
· How banks and lenders fit in
· A role for philanthropy
· Leveraging government programs
· Projects for community good
The Tax Cuts and Jobs Act of 2017 was signed into law on December 22, 2017. The Opportunity Zone program was included in that Act, which was designed to provide tax incentives to investors who fund businesses in underserved communities. Investors are able to defer paying taxes on capital gains that are invested in Qualified Opportunity Funds that in turn are invested in distressed communities designated as Opportunity Zones by each state.
We would like to thank Sarah Lee, Washington State Department of Commerce; Melanie Audette, Mission Investors Exchange; and Ernie Rasmussen, Confederated Tribes of Colville Indian Reservation for their partnership and bringing this to our attention.