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Commercial Real Estate

Dec. 25 - Fortune Magazine Predicts ‘Opportunity Zones’ a Hot Property in 2019

Category: Commercial Real Estate

Brunswick Business Journal Staff Report

December 25, 2018 - Fortune’s Term Sheet is including Opportunity Zones in its list of top business predictions for 2019. Opportunity Zone investing—that it calls "the most unbelievable tax break ever"—allows wealthy individuals or investment firms to park their money in any of the 8,700 underserved communities designated as "opportunity zones" for a chance to erase tax obligations. Much of Brunswick and parts of Glynn County are included. It predicts the “alluring cities” for investment in 2019 will include Detroit, Los Angeles, and Atlanta. The Term Sheet said to look to these areas for higher home prices, job creation, and business launches in the next several years.

The list of designated Qualified Opportunity Zones can be found at Opportunity Zones Resources and in the Federal Register at IRB Notice 2018-48.  

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