Designed to spur new private sector investment into the neediest communities, opportunity Zones are a cool new federal initiative that will be hitting Connecticut now that regulations have been drafted. Opportunity zones in Connecticut are expected to include 72 low-income neighborhoods in 27 municipalities.
Launched as part of the new tax code created by the Tax Cuts and Jobs Act on December 22, 2017, there is potential interest from many eligible wealthy individuals and businesses looking to use this new investment tool which will have a big environmental theme.
This month's speaker was David Kooris, Deputy Commissioner CT Dept. of Economic & Community Development. David discussed Opportunity Zones in Connecticut and what could mean for your environmental project, business, and property.
About the Presenter
David Kooris joined the Department of Economic and Community Development (DECD) in March of 2018. He is responsible for orchestrating the placed-based components of the state's economic development strategy including transit-oriented development, brownfields, capital projects, waterfront, and tourism. His focus is to coordinate public sector infrastructure investment to best prepare communities for private sector growth while enhancing environmental sustainability and quality of life for all.