Friday, January 25
8:30 – 4:00 pm
Columbia Metropolitan Convention Center
Led by Governor McMaster and in partnership with the Office of U.S. Senator Tim Scott and the Council of Development Finance Agencies (CDFA), the state of South Carolina will present the Governor’s Opportunity Zones Summit. The one-day Summit will feature industry experts, providing the most up-to-date, innovative thinking for business and community leaders to maximize the positive impact of Opportunity Zones.
They have reached maxed capacity for this event but you can add your name to the wait list.
What are Opportunity Zones?
Opportunity Zones are a new community development program established by Congress as a part of the Tax Cuts and Jobs Act of 2017, they are designed to encourage long-term private investments in low-income communities. This program provides a federal tax incentive for taxpayers who reinvest unrealized capital gains into “Opportunity Funds,” which are specialized vehicles dedicated to investing in low-income areas called “Opportunity Zones.”
The zones themselves are to be comprised of low-income community census tracts and designated by governors in every state. South Carolina designated 25 percent of qualifying census tracts as an Opportunity Zone. Qualifying Zones are based on the 2011-2015 American Community Survey.