California Policy Summit 2018
Investing in California's Opportunity Zones (Invite Only)
Tuesday, August 7, 2018 / 11:30 am - 12:45 pm
Signed in December 2017, The Tax Cuts and Jobs Act established Opportunity Zones to encourage investment in low- to moderate-income communities through tax incentives. This legislation offers great potential to increase jobs and accelerate wealth creation in the areas that need it most by unlocking the nation's pool of unrealized capital gains, which are estimated to be more than $6 trillion. As the U.S. Department of the Treasury works through developing implementation guidelines for the Opportunity Zones, states are wrestling with implementation questions of their own, including treatment of capital gains tax and gentrification and displacement risks, as well as considering multi-sector investment opportunities. At this private session, leaders will discuss approaches to using Opportunity Zones to drive economic growth in California, and what clarity investors need to execute successfully.
Executive Director, Center for Regional Economics and California Center, Milken Institute