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ASBC Webinar: Opportunity Zones for Social Impact and Community Benefit
June 28 @ 1:00 pm - 2:00 pm
Building Local Economies and Empowering People
The Tax Cuts and Jobs Act of 2017 provides a new incentive—centered around deferral, reduction, and elimination of capital gains taxes—to spur private investments in low-income areas designated by states as opportunity zones. Significant interest among investors suggests this new tax incentive could attract hundreds of billions of dollars in private capital. But the broad objective of this new tax incentive—expanding economic opportunities for places and people left behind—cannot be achieved by the market and outside investors alone. Local city governments, together with universities, philanthropies, employers, local financial institutions and community development organizations, must act with deliberation and purpose to make sure opportunity zones spur growth that is inclusive, sustainable and truly transformative for each city’s economy.
In this webinar we will cover basic principles to address diversity equity and inclusion, developing community wealth, strategies to build collaboration, and building local businesses and economies,
Cosponsored by ASBC, Business Alliance for Local Living Economies, Social Venture Circle, P3 Markets
Overview & Welcome by Ali-Reza Vahabzadeh, Vice President of Memberships & Chief of Staff to CEO, ASBC
Juan Saleda, Managing Principal, P3 Markets
Rachel Reilly, Director of Impact Strategy, Economic Innovation Group (EIG)
Val Red Horse, Executive Director, Social Venture Circle
Adam Northrup, Financial Strategist, LOCUS