Opportunity Zone Magazine Opportunity Zone Magazine Volume 1, Issue 1 | Page 55

UTILIZING OPPORTUNITY ZONES TO PARTNER WITH NON-PROFITS & SOCIAL ENTERPRISE TO IMPROVE PROFITS & PEOPLE’S LIVES market. As Opportunity Zone investment requires a for-profit entity in order to obtain the tax benefits, creating public- private partnerships and social enterprise partnerships are key components to fulfilling the goals. For investors, impact investing into QOFs is the chance of a lifetime. How often do individuals get the chance to target an investment that will make his or her community better? Consider how it would feel to invest in your own backyard to tackle some of our most pressing public problems and earning financial returns to do it! This might provide more personal satisfaction than tracking a stock ticker. The clock is ticking for non-profits to engage in the this once-in-a-generation program. The QOZs expire on Dec. 31, 2028 and investors will miss out on 5 percent of the step-up in basis if capital gains are not invested in 2019, so think about your goals as an investor, community leader or responsible citizen. Providing someone a second chance, housing, safety, or any other benefit through a targeted impact investment is the true “why” of Opportunity Zones. How can you use Opportunity Zones to leave a legacy? G raham A. A llison is CEO of Opportunity Zone Development Group of Columbus, Ohio. Passionate about economic and community development, Graham creates public-private partnerships for developments that traditional approaches failed to move forward. He has managed more than $2 billion in projects, including mixed-use residential and commercial, headquarters expansions, manufacturing, distribution centers, and facilities for R&D and advanced energy. He has a B.A. in international studies and French from Ohio Wesleyan University and an MBA from Franklin University. His interest in development came when a professor asked, “Have you tried development?” Graham has managed the organization, financing and delivery of real assets ever since. David Souders [email protected] Sources: 1 https://thehill.com/hilltv/rising/408980-mnuchin-predicts-100b-in-cap-investment-from-new- opportunity-zones . 2 www.coffeecraftersacademy.com/ OPPORTUNITYZONEMAGAZINE.COM Billy Gazley [email protected] 440.461.1101 www.toddassociates.com 53