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Getting the Most Out of Opportunity Zones (Monique Boulet)

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Presentation delivered at the 2019 SWREDA Conference, December 4-6, 2019

Published in: Government & Nonprofit
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Getting the Most Out of Opportunity Zones (Monique Boulet)

  1. 1. Acadiana’s Opportunity Zones: a Tool in the Toolbox for Revitalization Monique Boulet, CEO Acadiana Planning Commission
  2. 2. The missing piece of Revitalization: The Private Sector $ Transportation Corridor Study Brownfield RLF / Assessment Grant / TBA’s Economic Development District Public / Private Partnerships State Historic Preservation / Cultural District Tax Credits National Historic Preservation Tax Credits
  3. 3. Tax Cut and Jobs Act of 2017 Bipartisan legislation – Senator Tim Scott (R-SC) and Corey Booker (D-NJ) The Tax Cut and Jobs Action passed December 22, 2017 Text: www.congress.gov/bill/115th-congress/house-bill/1
  4. 4. Opportunity Zone Tax Incentives
  5. 5. Opportunity Zone Overview IRS TAX INCENTIVE, NOT A GOVERNMENT FUNDED PROGRAM INCENTIVIZE UNREALIZED CAPITAL IN THE STOCK MARKET BACK INTO THE ECONOMY “INVESTMENT WHERE INVESTMENT WOULD NOT HAVE OTHERWISE HAPPENED” CHANGES THE CONVERSATION IN THE WORK WE ARE ALREADY DOING!
  6. 6. Acadiana’s Opportunity Zones: a Regional Strategy
  7. 7. http://led.maps.arcgis.com/apps/View/index.html?appid=117d9113148c47f3945ce9bef6342625 The Acadiana Opportunity Zone Initiative 25 Tracks, 9 Parishes, 12 Cities Census Tracts selected where investment would NOT have gone otherwise.
  8. 8. Acadiana’s Opportunity Zones 25 Tracks, 9 Parishes, 12 Cities
  9. 9. ACADIANA’S Economic Development Partners EVANGELINE PARISH INDUSTRIAL BOARD
  10. 10. Acadiana Opportunity Zone Prospectus • Create a data and information hub/website • Host and Market project proposals • Market Acadiana’s Opportunity Zones on a National Platform • Align regional partnerships to leverage resources
  11. 11. Acadiana’s Opportunity Zones: Outreach and Education
  12. 12. ACADIANA PLANNING COMMISSION REGIONAL FORUM FEB 2019
  13. 13. White House Opportunity and Revitalization Commission Roundtables August 6-7, 2019
  14. 14. OPPORTUNITY ZONE OUTREACH AND EDUCATION
  15. 15. Investacadiana.com https://investacadiana.com/
  16. 16. OZ PITCH FEST 2020
  17. 17. OZ PITCH FEST 2020 Wed, April 22, 2020 Fest
  18. 18. Legal and Financial Sectors IN THE ACADIANA OPPORTUNITY ZONE INITIATIVE
  19. 19. Acadiana Planning Commission Involved in Local Projects Match Making: Investor – Project Developing Legal and Financial Sectors Developing a Prospectus for local communities Asset Mapping Building Partnerships with Local Mayors EDO Partnerships Technical Assistance in Project Development Being contacted by Site Selectors

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