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Investing in Opportunity Zones

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The Lerner - Crystal Ballroom

410 S Main Street

Elkhart, IN 46516

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Elkhart Opportunity Zones: Investing for Impact

Elkhart’s three Opportunity Zones (OZ’s) have many pro-investment features including strong industrial and rail assets, TIF districts, and a recently planned and now being implemented mixed-use River District project. These features suggest the Opportunity Zones have the ability to support and attract a diverse set of investments. Such investments need to expand throughout the City. While Elkhart will likely have to compete for investment with large MSAs such as Chicago and Indianapolis, local investors looking to invest in one of our three federally-designated Elkhart Opportunity Zones need to be aware of the advantages offered for capital gains tax breaks making it more attractive to expand in Elkhart.

Furthermore, local investors and business owners, may not know how to take advantage of Opportunity Zone incentives that could assist with local expansion or improvement projects. Elkhart’s OZ’s are in various states of planning and land use programming – all are in need of some level of redevelopment. For these reasons, Elkhart is organizing and developing a plan to tell the City’s story with a strong narrative that demonstrates the community’s pro-investment opportunities, with the ultimate goal of supporting local investors and assisting with attracting external investors potentially needed for new developments.




Investing in Opportunity Zones

The Lerner Theater—Elkhart, IN

Wednesday, May 29, 2019 4:00—6:00 PM

Attend this free session to more about why you, as a business owner within an established Opportunity Zone may want to consider creating an Opportunity Fund for your investments to take advantage of this federal tax incentive program.

This session will convene Elkhart's visionary investors and leaders in government, finance, real estate, economic development, and philanthropy to explore and accelerate the implementation of OZ best practices and strategies to unlock transformative economic potential and create lasting change in Elkhart’s overlooked communities.


THE PROGRAM AGENDA

  1. Overview about Opportunity Zones - the purpose and benefits

  2. Elkhart Opportunity Zone map, profiles, and a vision for each zone

  3. Example projects identified for each zone

  4. Next steps for developing an Opportunity Fund

  5. Open discussion - Q&A


Presenters: Thomas P. Miller & Associates of Indianapolis, IN and Insight Strategic Concepts, Inc. of Elkhart, IN

Who should attend: Local current and potential property owners in Elkhart's Opportunity Zones, investors and leaders in government, finance, real estate, economic development, and philanthropy.


To RSVP, please click green "Register" link in upper right of this page.


Learn more about Elkhart Opportunity Zones at www.elkhart2040.com




MORE ABOUT OPPORTUNITY ZONES

Opportunity Zones are economic development tools promoting investment in distressed communities through legislation enacted by the Federal Tax Cuts and Jobs Act of 2017. Communities have been designated as Opportunity Zones by the U.S. Department of Treasury, incentivizing investments in these distressed communities to better address local needs in areas such as business growth, real estate investment, and area improvements.

Indiana Opportunity Zones
Indiana has a total of 156 Opportunity zones in 83 different cities and towns. These zones cover over 1,000 square miles and have a combined population of more than 500,000 Hoosiers. While each Opportunity Zone offers investors the same federal capital gains tax advantages, all Zones are not created equal. It is estimated that there is over 6 trillion dollars in eligible capital gains.

All Opportunity Zones will compete for investment but some Zones will stand out immediately due to obvious pro-investment market conditions. However, most Zones may not be obviously distinguishable in terms of investment advantages meaning communities will have to strategically positon their zones to appeal to investors.

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Date and Time

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The Lerner - Crystal Ballroom

410 S Main Street

Elkhart, IN 46516

View Map

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