Getting the Most Out of Opportunity Zones (Monique Boulet)

N
Acadiana’s Opportunity Zones:
a Tool in the Toolbox for Revitalization
Monique Boulet, CEO
Acadiana Planning Commission
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
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
Opportunity Zone Tax Incentives
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!
Acadiana’s Opportunity Zones:
a Regional Strategy
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.
Acadiana’s Opportunity Zones
25 Tracks, 9 Parishes, 12 Cities
ACADIANA’S
Economic Development Partners
EVANGELINE PARISH
INDUSTRIAL BOARD
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
Getting the Most Out of Opportunity Zones (Monique Boulet)
Getting the Most Out of Opportunity Zones (Monique Boulet)
Acadiana’s Opportunity Zones:
Outreach and Education
ACADIANA PLANNING COMMISSION
REGIONAL FORUM FEB 2019
White House Opportunity and Revitalization
Commission Roundtables
August 6-7, 2019
OPPORTUNITY ZONE
OUTREACH AND EDUCATION
Investacadiana.com
https://investacadiana.com/
OZ PITCH FEST 2020
OZ PITCH FEST 2020 Wed, April 22, 2020
Fest
Legal and Financial Sectors
IN THE ACADIANA OPPORTUNITY ZONE INITIATIVE
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
Getting the Most Out of Opportunity Zones (Monique Boulet)
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Getting the Most Out of Opportunity Zones (Monique Boulet)