By Bill Helm | Camp Verde Bugle
A conversation last year with Camp Verde’s director of economic development inspired a local realtor to capitalize on the town’s Opportunity Zone status.
Rob Witt wears many hats. He’s president of the Beaver Creek Villas Condominium Association, and managing partner of the Simonton Ranch Land Holding Company, and of Verde Income Partners LLC.
Witt is also now the managing partner of the Opportunity Zone Development Company, whose goal is to help his clients get the “maximum benefit from the investments.”
“The Opportunity Zone benefits those willing to put in the work,” Witt said. “The program regulations and mandated time frames create difficult hurtles. The tax incentives are historic for investors able to negotiate these hurdles. Tax benefits alone will not replace plain old profits.”