The prospect of opportunity zones has generated excitement over the last year, but some developers, funds and communities aren’t sure how to leverage the new tax incentive program. That’s why Kunal Merchant, a former Sacramento Kings executive and aide to former Mayor Kevin Johnson, says he’s launching CalOZ, a new group dedicated to navigating the complicated framework around opportunity zones.
New State Group to Promote Opportunity Zones
A new California organization has been formed to help investors and developers take advantage of federal Opportunity Zones. CalOZ “will promote competitive, equitable and sustainable Opportunity Zone investments in California.”