Opportunity Knocks for Murchison Road
FAYETTEVILLE OBSERVER: Consultants are laying out a redevelopment plan for the corridor, which Census data shows is one of the poorest in the state.
About Opportunity Zones
Opportunity Zones are a bipartisan provision of the Tax Cuts and Jobs Act of 2017 championed by Senators Tim Scott (R-SC) and Cory Booker (D-NJ).
Tax Incentives for Investors
Temporary Tax Deferral: An investor may defer recognition of income associated with any current capital gains realized (but not yet recognized for federal tax purposes by the private investor) that are reinvested into an Opportunity Fund.
Assets Eligible for Investment
Real estate and businesses (i.e., LLCs, corporations, partnerships, etc.) located in Opportunity Zones are generally eligible for investment. Federal Treasury Regulations provide additional detail about qualifying investments
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Sep 18
Workforce & Talent Pool
Education and a commitment to research have long been a key part of life and business in North Carolina, and Fayetteville and Cumberland County put you conveniently close to everything the state has to offer. In addition to North Carolina’s nationally known higher education institutions, such as North Carolina State (Raleigh), Duke University (Durham), and University of North Carolina (Pembroke), […]
