Drew Kervick, together with Nick Grimley from the Vermont Agency of Commerce and Community Development and Steve Trenholm of Gallagher, Flynn & Company, will be providing an update to the Vergennes business community about the federal Opportunity Zones incentive.
The presentation will take place on Wednesday January 23 from 9:00-11:00am at the Bixby Library. Drew has previously presented on this topic at the 2018 Vermont Development Conference, a statewide conference focused on real estate development. We have also written about the Opportunity Zone incentive on previous occasions.
This new program is aimed at spurring long-term private sector investment in low-income communities and offers significant economic benefits to investors who reinvest capital gains in qualifying businesses and development projects in eligible parts of Vermont.
Drew will provide an overview of the Opportunity Zone incentive and information on the newly released Treasury guidance for Opportunity Zones, how Qualified Opportunity Funds are created, and the mechanics of putting together an Opportunity Zone investment. If you are interested in learning more, or would like to host a discussion about Opportunity Zones, please contact SRH Law or Drew Kervick .
