Final Opportunity Zone Treasury Regulations Released

*Provided by jdsupra "Treasury has issued two prior sets of proposed regulations. The Final Regulations consolidate these proposed regulations as well as change various parts to reflect comments received on the rules over the last two years. Among the changes that were made, the Final Regulations clarify aspects of the 180-day investment period, clarify how [...]

2019-12-31T11:05:04-08:00December 31st, 2019|CALED News, Econ Dev News|

Top Five Metros for Tech Job Growth – Three are from California

*from Clearancejobs.com "According to new research from the Brookings Institution, about 90% of growth in high-tech jobs was concentrated on five cities: Boston, San Francisco, San Jose, Seattle and San Diego. The Washington, D.C.-based think tank found that these metropolitan areas accounted for nearly all of the nation’s innovation-sector growth from 2005 to 2017. Brookings [...]

2019-12-18T09:48:02-08:00December 18th, 2019|CALED News, Econ Dev News|

DOT Launches Rural Opportunities to Use Transportation for Economic Success (ROUTES) Initiative

*Provided by U.S. Department of Transportation "Rural Opportunities to Use Transportation for Economic Success (ROUTES) is an initiative to address disparities in rural transportation infrastructure. Specifically, rural transportation infrastructure’s unique challenges need to be considered in order to meet our Nation’s priority transportation goals of safety and economic competitiveness."   For more information, click here

2019-10-17T09:37:46-07:00October 17th, 2019|CALED News, Econ Dev News|

Opportunity Zones Aren’t a Gimmick—They’re a Legitimate Investment Option

*Provided by Fortune.com "Among the many benefits, the initiative allows investors to defer tax on capital gains by investing in Qualified Opportunity Funds (QOF), vehicles organized specifically for injecting money into designated Opportunity Zones. Additionally, the longer an investment is held in a QOF, the lower the capital gains tax liability. Through step-up of basis [...]

2019-10-07T16:42:35-07:00October 7th, 2019|CALED News, Econ Dev News|

EDA Announces Availability of $587 Million to Aid Communities Impacted by Natural Disasters

*Provided by the EDA "EDA has a long history of successfully supporting disaster recovery and resiliency efforts. EDA's role in disaster recovery is to facilitate the timely and effective delivery of Federal economic development assistance to support long-term community economic recovery planning and project implementation, redevelopment and resiliency. EDA is uniquely positioned to coordinate regional [...]

2019-08-13T14:32:55-07:00August 13th, 2019|CALED News, Econ Dev News|
Go to Top