West Valley leaders pitch ‘opportunity’ to real estate developers, investors Dan Gauthier, Rose Law Group transactional attorney handling many O-Zone investments, comments

Cities take proactive zoning approaches to encourage development, investment in opportunity zones

By Corina Vanek | Phoenix Business Journal

Economic development leaders from West Valley cities are taking a creative approach to pitching real estate developers and investors on the possibilities of building in their cities.

At a forum in Avondale hosted by Westmarc Thursday, economic development staff from eight cities used a speed-dating approach to highlight development opportunities in various cities, particularly in qualified opportunity zones.

Arizona had 168 opportunity zones approved at the federal level, the most allowed by the law. The program was created through the Tax Cuts and Jobs Act and allows accredited investors to re-invest capital gains realized from a sale of property, stock or business to defer paying taxes. The money must be invested within 180 days for it to be eligible for the deferred taxes. The money can be invested two ways: in real estate or in operating companies within designated opportunity zones.

READ ON:

“Thoughtful participation and creative thinking by public officials and local governments are key to the success of economic development in opportunity zones.”

~Dan Gauthier 

Map of Arizona’s Opportunity Zones. / Arizona Commerce Authority / Phoenix Business Journal
Share this!

Additional Articles

Sprouts may finally build at Papago Plaza

By AZBEX After extensive delays with few-to-no updates, it appears the Sprouts Farmers Market and parking garage project as part of the Papago Plaza Master Plan is finally getting ready for construction. Late last

Read More »

New CG firehouse up and running

By Jodie Newell | Pinal Central After years of planning, navigating supply chain issues and increased construction material costs, the new Casa Grande Fire Station 503, worth $12 million,

Read More »

Maricopa hospital earns new accreditation

By Brian Petersheim | InMaricopa Maricopa’s only hospital has obtained accreditation from the Center for Improvement in Healthcare Quality after an unannounced onsite assessment earlier this month.   CIHQ is a membership-based

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.