Media Coverage | Opportunity Zone Event to Help Shape Strategy for Pittsburgh CommunitiesLeave a Comment
The OZ Pittsburgh Catalyst Event will take place August 7-8, 2019 at The Power Center at Duquesne University
PITTSBURGH, PENNSYLVANIA – June 26, 2019 – Pittsburgh will be at the center of a national event taking place in August to showcase the region’s Opportunity Zones. The Opportunity Zone Association of America (OZAA) will conduct a Catalyst Event in Pittsburgh on August 7-8, 2019 at Duquesne University as part of its roadshow of events in cities across the country.
The Opportunity Zone (OZ) program was created as a part of the Tax Cuts and Jobs Act in December 2017 and incentivizes investors to invest into qualified low-income communities. Following the creation of the program Governors of U.S. States and Territories were responsible for nominating census tracts for investment that meet certain predefined qualifications. The Opportunity Zone Program can become one of the nation’s greatest economic development tools–incentivizing and facilitating meaningful investments in communities that need it most.
The goals of the OZ Pittsburgh Catalyst Event will be to showcase the region’s opportunity zones to a national audience as well as foster discussions surrounding the challenges facing communities located in Pittsburgh’s zones. “Our goals are to educate the Pittsburgh region on opportunity zones, as well as discuss critical topics that will help shape the strategies facing these zones throughout our region,” said Aaron Grau, executive director of the Opportunity Zone Association of America. “Additionally, by attracting thought leaders, investors, technical expertise, and qualified funds to Pittsburgh, we hope to showcase all of the assets this region has to offer investors.”
The OZ Pittsburgh Catalyst Event will begin with two tours of Pittsburgh’s Opportunity Zones, followed by a networking reception on August 7. The following day, attendees will convene to hear from national Opportunity Zone experts and leaders around topics of anchor institutions, equity, attracting investors, and more. All are welcome to attend the Catalyst Event, however the event will be of particular interest to those in real estate, investment, banking/finance, community/economic development, legal, and consulting.
Special limited opportunities exist for those in Pittsburgh municipal or economic development positions working in communities designated as Opportunity Zones to participate for free. For more information, including sponsorship opportunities, contact firstname.lastname@example.org.
“We want to ensure Pittsburgh is at the top of investors’ lists when considering Opportunity Zone development,” said Presley Gillespie, president of Neighborhood Allies in Pittsburgh—one of the local organizing partners of the event. “Our region stands to benefit greatly from the Opportunity Zone Program when the investments live up to their full promise to our neighborhoods, however we must come together to seize the opportunity.”
For more information about the Pittsburgh Catalyst Event, visit Pittsburgh.ozaa.org.
About the Opportunity Zone Association of America
Opportunity Zone Association of America (OZAA) is the national platform for Opportunity Zone stakeholders including funds, businesses, investors, service providers, policy makers, municipalities and non-profits/foundations. OZAA supports these stakeholders, and the professionals they rely on, by providing multiple venues for information exchange, networking, sharing of best practices, and policy discussions.
The association promotes the Opportunity Zone industry by bringing local opportunities, and their stakeholders, together with the national policy conversation; informing and updating policy makers with supporting data on projects in Opportunity Zone census tracts. www.ozaa.org.