On January 29, 2020 the White House Opportunity and Revitalization Council will host an Opportunity & Entrepreneurship Summit in Flint, Michigan.
On behalf of the Small Business Administration, we wish to invite you to this event. The summit will bring together civic leaders, community stakeholders and entrepreneurs to discuss best practices for revitalization, Opportunity Zone investments, and collaboration at all levels of government and business.
Ashley D. Bell, White House Policy Advisor for Entrepreneurship and Innovation, will highlight and share success stories from communities around the country and answer questions related to the continued streamlining, coordinating, and targeting of existing Federal programs toward Opportunity Zones and benefits for small businesses, among other topics.
For more detail and to confirm your participation, please register here https://www.eventbrite.com/e/opportunity-now-jan-29-opportunity-entrepreneurship-summit-in-flint-tickets-90047635903
as soon as possible. Registration is required for attendance and this invitation is non-transferable.
In 2017, President Trump signed the Tax Cuts and Jobs Act, which established Opportunity Zones to incentivize long-term investments in low-income communities across the country. These incentives offer capital gains
tax relief to investors for new investment in designated Opportunity Zones. Opportunity Zones are anticipated to spur $100 billion in private capital investment. Qualified Opportunity Zones retain this designation for 10 years.
In December 2018, President Trump signed Executive Order 13853, which established the White House Opportunity and Revitalization Council. The Council is chaired by Ben Carson, Secretary of the
U.S. Department of Housing and Urban Development, and tasked with leading joint efforts between agencies and executive departments to engage with state, local, and tribal governments to find ways to
better use public funds to revitalize urban and economically distressed communities.
In April 2019, the White House hosted more than 170 municipal and county officials for an Opportunity Zone Conference, which included briefings and discussion on regulatory and implementation developments,
best practices, and successes. For more information on Opportunity Zones, visit OpportunityZones.gov.