March/April 2019
Date: Thursday, April 11
Time: 1:00-3:00 p.m.
Location: Quinault Beach Resort and Casino, 78 WA-115, Ocean Shores, WA 98569
Cost: Free
Description:
• What are Opportunity Zones?
• How can they benefit investors and communities in Grays Harbor?
• What should we be doing now to take full advantage of this new federal program?
Join us on April 11th at Quinault Beach Resort and Casino to learn the answers to these questions and hear from a lineup of Opportunity Zone experts from around the region.
Speakers will include representatives from the Washington State Department of Commerce, National Development Council, Federal Reserve Bank of San Francisco, and special guests from Clallam and Thurston County Economic Development Councils.
Please RSVP to Grant Jones @ 360-532-7888 or gjones@graysharbor.org.
Background on Opportunity Zones
The federal Tax Cuts and Jobs Act of 2017 was signed into law on Dec. 22, 2017. The Opportunity Zone program was included in that act, which was designed to provide tax incentives to investors who fund businesses in underserved communities.
Investors can defer paying taxes on capital gains that are invested in distressed communities designated as Opportunity Zones by the governor of each state.
Grays Harbor has three “Opportunity Zone” census tracts, which include parts of Aberdeen, Hoquiam, and the coast from Ocean Shores to Moclips.