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Chicago-area joint venture antes up $1 billion for Opportunity Zone development investment

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The Tax Cuts and Jobs Act of 2017 created the designation “Opportunity Zone,” for which the Internal Revenue Service will allow tax advantages for certain investments in lower-income areas when an Opportunity Fund invests more than 90% of its assets in a zoned property.

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Less Than Half of All U.S. Counties are Affordable for Homeownership

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Counties deemed unaffordable are those with housing costs exceeding 28% of the average household income. The largest metros where homeownership remains affordable on average are Chicago, Houston, Philadelphia, Cleveland, and Tampa. .

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Top 25 Finalists for Ivory Innovations' Housing Affordability Prize

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Inherent L3C | Chicago, Illinois Inherent L3C believes in the power of community reinvestment through the creation of trade careers, homeownership, and community-based businesses. National Zoning Atlas | Ithaca, New York The National Zoning Atlas is a collaborative of researchers digitizing, demystifying, & democratizing about 30,000 U.S.

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Commercial Construction Trends and Predictions for 2016

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Likewise, many local and regional brands will capitalize on consumers having more disposable income for entertainment, and actively look for opportunities to expand outside their hometown market. Developers and Tenants Create Entertainment Zones to Drive Traffic.

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Location Focus: Illinois – Trying to Make Headway in Every Way

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According to the Chicago Tribune , “The fund will award convertible notes initially ranging from $100,000 to $500,000 to early-stage Illinois-based companies working in renewable energy, energy efficiency, smart grid, next-generation transportation and water resource management. This venture capital fund allocated with $2.3

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FEATURE STORY: 2013 Economic Development Awards

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Less Taxing,” aired for six months in the NY/NJ/CT, Boston and Chicago markets. The city has created two Tax Increment Financing Districts with a third in process, to expand the municipal infrastructure to industrial and commercial zones. The City has two HUB Zones through SBA, and is a New Market Tax Credits eligible community.

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Georgia Ports See Surge In Private Investments, Record Cargo Volumes

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The container ship MSC Chicago sails up river to the Port of Savannah’s Garden City Terminal near Savannah Ga. Louis, Chicago and the Ohio Valley. billion in income, $84.1 Georgia Ports Authority/Stephen B. Additional track on terminal will allow the GPA to better handle 10,000-foot long unit trains. percent of the U.S.

Georgia 41