New Developments In Opportunity Zones - Memphis

150 Peabody Place,Memphis TN 38103

12 May, 2022

Description

TNECD in partnership with the Memphis Chamber, EPICENTER, and Start Co. will host an event that will focus on Opportunity Zones. The Tennessee Department of Economic and Community Development (TNECD) in partnership with Memphis Chamber, EPICENTER, and Start Co. is pleased to invite you to a roundtable discussion focusing on the applicable uses and flexibility of the Qualified Opportunity Zone (QOZ) incentive. This robust incentive has raised a significant amount of private capital since the incentive was enacted in December of 2017, and we would like you to join us to: Hear about the latest updates involving the QOZ incentive and clarify misconceptions associated with the legislation; Learn about the bipartisan and bicameral support in Congress to extend the incentive for an additional 2 years, as well as make other impactful changes; Hear case studies about lessons learned from real estate and operating business projects; Discuss the innovative solutions and structures that are working for developers and investors as the market for QOZ projects matures; Hear the latest market trends and investor perception specific to QOZs in 2022 and beyond, and Discuss the opportunities that exist for community development initiatives and innovative projects that leverage local and regional institutions and economic development projectsMemphis has a number of real estate development projects that are uniquely positioned for receiving QOZ Investment. At the same time, there are a number of efforts by entrepreneurship support organizations and other support groups helping to scale and grow operating businesses ranging from startups to growing gazelle type companies worthy of investment. Furthermore, there are social impact agendas building a greater pipeline of talent, creating better infrastructure for our communities, and helping to bring underserved populations out of the pandemic. When you intersect these initiatives in a manner that civically aligns how developers, investors, support organizations, corporations, governments, and nonprofits come together, we believe Memphis is perfectly positioned to receive QOZ capital. Come hear from some the nation’s foremost experts on the QOZ incentive who have counseled, advised, raised qualified QOZ Funds, and have active projects in the QOZ space. Panel: Marc Schulz, Snell & Wilmer LLP; Steen Watson, Chestnut Funds; Lawrence Jatsek, CRE Development Capital; Dwight Alexander, CRE Development Capital; Al Puchala, CapZone Impact Investments LLC; Greg Genovese, USG Realty Capital; Eric Clement, RXR Realty; Robert K. Jenkins, Renaissance Equity Partners; Ted Townsend, Memphis Chamber (Host), and Lamont Price, TNECD (Host) Who should attend? Community leaders, developers, investors, high net worth individuals, family offices, attorneys, accountants, banks, corporations, higher education, and entrepreneurs/small business owners. Epicenter is located at 150 Peabody Place, at the northwest corner of BB King (Third) and Peabody Place, on the ground floor of the curved building that says Terminix and Epicenter. Paid parking is available via metered street parking along Peabody Place and in nearby garages, including at 250 Peabody Place.