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Opportunity Zones

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National Director Henry Childs and Assistant Secretary Tom Gilman Attend Detroit Opportunity Zone Summit

Press Releases
WASHINGTON, June 20, 2019 /PRNewswire/ -- This week, National Director of the Minority Business Development Agency, Henry Childs and Tom Gilman, Chief Financial Officer and Assistant Secretary of Administration for the U.S. Department of Commerce brought together local businesses and government leaders in Detroit, Michigan for the Detroit Opportunity Zone Summit. Opportunity Zones were created...

MBDA Opportunity Zone Summits

Grow Your Business Blog
Opportunity Zones are a tool created by the Tax Cuts and Jobs Act of 2017 to spur investment on underserved areas. They offer investors a tax incentive by investing their unrealized capital gains into a designated “Opportunity Fund.” Did you know that there are $2.3 trillion of unrealized capital gains in the United States? And did you know that the average Opportunity Zone consists of 56%...