On Nov. 29, the Duluth Area Chamber of Commerce, Greater Downtown Council and the Duluth Local Initiatives Support Corporation (Duluth LISC) will present a program addressing the new Opportunity Zones program and its potential impact for Duluth’s designated low-income neighborhoods and business community. The session will be held from 8-9 a.m. at The Inn on Lake Superior, Northern Lights I. Click here to register.
Opportunity Zones provide an incentive for investors to reinvest unrealized capital gains into Opportunity Funds in exchange for a temporary tax deferral on portions of the initial investment; as well as excluding capital gains taxes on Opportunity Fund investments held for at least 10 years.
Speakers will be Kevin Boes, president and CEO of the New Markets Support Company (A LISC affiliate) and Brian Forcier of Titanium Partners.
For more details about Opportunity Zones, please visit the following: