Category: News | Opportunity Zones

News | Opportunity Zones and Qualified Opportunity Funds

Why black Americans are at higher risk for coronavirus | CNN

CNN | Why black Americans are at higher risk for coronavirus

(CNN)  Black Americans have more existing medical issues, less access to health care, and are more likely to work in unstable jobs — all factors that have made the coronavirus pandemic disproportionately hurt blacks more.

While everyone is susceptible to Covid-19, black Americans are at higher risk, Surgeon General Dr. Jerome Adams said during an appearance on CBS This Morning on Tuesday.  —more

 

 

Chris Cuomo opens up about his fight against Covid-19 | CNN

Watch: CNN | Chris Cuomo opens up about his fight against Covid-19

How do you reopen the economy after coronavirus? German experts have a plan

London (CNN Business)How do you restart an economy that’s been shut down by a pandemic? The answer is: very, very carefully.

Even as the novel coronavirus continues to spread around the world, European governments are starting to think about how to re-open factories, offices and schools while minimizing the chance of further outbreaks. Austria on Monday said it would gradually begin to reopen shops after Easter, becoming the first country in Europe to do so.  —more

 

A man with a mask passes by an empty street during the coronavirus crisis in Berlin, Germany.

Badass IBM goes straight-up Gangsta’ against COVID-19 with 200 quadrillion instructions per second

Like the country has done many times before, when in trouble, we bet on Blue!

The world’s fastest supercomputer identified chemicals that could stop coronavirus from spreading, a crucial step toward a treatment

Summit, the world’s most powerful supercomputer, modeled how different drug compounds might prevent the coronavirus from spreading to other cells.

CNN | The novel coronavirus presents an unprecedented challenge for scientists: The speed at which the virus spreads means they must accelerate their research.

But this is what the world’s fastest supercomputer was built for.
Summit, IBM’s supercomputer equipped with the “brain of AI,” ran thousands of simulations to analyze which drug compounds might effectively stop the virus from infecting host cells.
The supercomputer identified 77 of them. It’s a promising step toward creating the most effective treatment. —more

New opportunity zone rules answer pressing questions

New opportunity zone rules answer pressing questions

from: Grant Thornton  April 18, 2019

The IRS released its second set of proposed regulations implementing the new opportunity zone tax incentives on April 17, and the largely generous rules will make it easier for taxpayers to use asset sales to exit funds and use leased property within a fund, even when leased from related parties.

Opportunity zones were created by the Tax Cuts and Jobs Act to encourage investment in specific geographic areas. Taxpayers investing in qualified opportunity funds (QOFs) can defer and even exclude capital gain if they meet certain requirements. The new proposed regulations (REG-120186-18) clarify parts of the proposed regulations issued in October (Reg-115420-18), and address many of the other significant unresolved questions. Some of the most important developments include: –more–

Five Hidden Gems in the Federal Opportunity Zones Program

Five Hidden Gems in the Federal Opportunity Zones Program

By:
Blake Christian

 

Starwood Capital to Develop First Opportunity Zone Project in the Bronx

May 13, 2019 | The DI Wire

Starwood Capital to Develop First Opportunity Zone Project in the Bronx

Starwood Capital, which manages a Qualified Opportunity Fund, invests in Opportunity Zone Charter School project in the Bronx, NY.  more

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