The advent of opportunity zones, stemming from the Tax Cuts and Jobs Act of 2017, offers players in the finance and real estate communities a new way to leverage tax incentives while helping economically distressed areas. McGuireWoods’ multidisciplinary team has significant experience across the spectrum of areas associated with opportunity zones, including tax law, fund formation, land use and economic development, public-private partnerships, and government and public relations.
Our national opportunity zone development team understands the newly
available avenues for investment and tax deferrals for institutional
investors and private equity funds. We also help sponsors and project
developers navigate federal regulations and best practices for matching
opportunity zone projects with private equity capital. Team members have
the business acumen necessary to foster a collaborative approach to
opportunity zone projects of varying complexity and size.
Our distinctive strengths include:
Leveraging opportunity zone tax benefits to enhance returns
Navigating opportunity zone program requirements
Identifying public-private partnership opportunities to use in
conjunction with the opportunity zone program
Assisting with proposal drafting and stakeholder outreach
Assisting with site selection and incentive negotiations, including
finalizing performance incentive agreements and contracts
Navigating government regulations and approval processes
Collaborating with key decision-makers to garner community support
through education and awareness
Securing legislative or regulatory changes favorable to P3
McGuireWoods has the experience necessary to assist with tax management
after selling capital gains assets and navigate the best options given the
new avenues for tax deferrals that come from opportunity zone investments.
Our well-established skills in real estate, tax and fund formation helps
investors seek out specific projects, develop an exit strategy when
investing in multiple projects and assess the risks associated with
We also help coordinate timing tensions and multiple investor situations
for a successful outcome.