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Opportunity Zones/Alex Flachsbart and Josh Carpenter

June 11 @ 11:30 am - 1:00 pm

opportunity zones

At the June 11 meeting, we will discuss the potential impact for the state and Birmingham in particular of the Opportunity Zones program which was established as part of the Tax Cuts and Jobs Act of 2017. We will hear insights about how the program can spur new investment into our state fromopp zones josh alex Alex Flachsbart, Founder and CEO of Opportunity Alabama, and Josh Carpenter, Economic Development Director for the City of Birmingham. With Alabama designating 158 zones of which Birmingham has secured 24, Opportunity Zones are low-income census tracts with a poverty rate of at least 20 percent and a median family income of less than 80 percent of the statewide or area median income. Designed to spur new investment into these areas, the program allows individuals and corporations to take capital gains incurred from the sale or exchange of property such as appreciated stocks, buildings, family business, and roll the gains into businesses or projects within Opportunity Zones.

 

KCOB Luncheon Meetings
Meetings held weekly on Tuesday
Dwight M. Beeson Banquet Hall
The Harbert Center
2019 4th Avenue North
Birmingham, AL 35203
Buffet Opens 11:30am
Call To Order Noon
Adjournment 1pm

Details

Date:
June 11
Time:
11:30 am - 1:00 pm

Venue

The Harbert Center
2019 4th Avenue North
Birmingham, AL 35203 United States
+ Google Map

Details

Date:
June 11
Time:
11:30 am - 1:00 pm

Venue

The Harbert Center
2019 4th Avenue North
Birmingham, AL 35203 United States
+ Google Map