Statement from SEC Chairman, Jay Clayton, on Opportunity Zones

July 15, 2019

in News

The SEC Chairman Jay Clayton recently issued a statement about working to simplify the path for certain Opportunity Zone investments by Main Street Investors. Although the statement doesn’t provide many details, it’s promising to see support of this concept. Keep checking back here for updates as I’ll continue to track the progress of this update.

To read the full statement please visit the website. https://www.sec.gov/news/public-statement/clayton-statement-opportunity-zones

 

If you have any questions about this statement regarding Main Street Investors or anything else surrounding Opportunity Zones, please don’t hesitate to contact me.

Ashley Dillard, CCIM

Senior Director

CRER

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Opportunity Zones By The Numbers

8,764 CENSUS TRACTS

The total number of census tracts certified as Opportunity Zones by the U.S. Treasury.

$6.1 TRILLION

Potential unrealized capital gains eligible for Qualified Opportunity Fund investment and tax treatment.

$100 BILLION

Treasury Secretary Steven Mnuchin’s estimate of private capital that will flow into Opportunity Zones.