By Mark Cowling | Arizona City Independent Pinal County is gearing up to market its “Opportunity Zones,” new magnets for economic development in which big investors can shelter their capital gains. One of the county’s bigger Opportunity Zones is bordered by much of Florence on the west, U.S. 60 on the north and the Gila County line on the east. …
By Jordan Rose and Dan Gauthier | Rose Law Group As you have read, Opportunity Zones are a federal community development program enacted as part of the Tax Cuts and Jobs Act, with the primary purpose of incentivizing long-term investment in zones set aside by each state. Arizona has 168 Opportunity Zones, designated by Governor Ducey and certified in April. …
When we became our own zoning attorney. Rose Law Group Reporter 1. Yesterday at about 5 pm we noticed a giant pole being erected right outside our office window. More specifically right outside Jordan’s balcony. No notice. No idea what was happening or why. 2. Turns out it was a 20-foot pole with a 12-inch width, a part of a …
By Richard Rubin | Wall Street Journal The Trump administration proposed guidelines Friday that will help investors use a new tax incentive that encourages development in low-income areas. The Treasury Department designed the rules for the Opportunity Zone program to give businesses enough flexibility and certainty to start making major investments, said senior department officials. The program, with bipartisan roots, was a small …
Disclosure: Rose Law Group represents Saint Holdings as the landowner By Callan Smith | Rose Law Group Reporter Not one, but two electric vehicle companies are coming to Pinal County, first Lucid Motors, now Nikola Corporation, which made for an excited crowd at the Pinal Partnership breakfast panel event this morning in Chandler. Jordan Rose, founder and president of Rose …
By Conor Donohue | CaliberCo With the recent buzz surrounding the “Opportunity Zones” section of the Tax Cuts and Jobs Act of 2017 reports have flooded in highlighting the tax advantages and intricacies of how the program works. While it is no secret that this is one of the greatest capital gains tax reduction programs of a generation, less …
NAHB Now The U.S. Supreme Court starts a new term on Monday, Oct. 1 with two cases that home builders have been following closely. The opening argument of the term, Weyerhaeuser v. United States Fish and Wildlife Service, involves a clash between two NAHB members and the dusky gopher frog. In 2012, the Fish and Wildlife Service designed 1,555 acres …
By Mark Cowling | Florence Reminder The historic but badly-rundown “Cuen building” at 145 N. Main St. may have found its lifeline at last. The Town Council voted unanimously Sept. 4 look into the costs of saving the little adobe and adding it to the town’s list of capital improvement projects. “I’d like to see the town take a …
By Michael Rareshide | Site Selection Group The metro Phoenix area is considered one of the Top 10 Data Center Markets in the U.S. — as high as No. 6 by some measures. While the “Valley of the Sun” is not in the top 10 for population, its data center market share is a direct function of its many competitive advantages: a …
AZBigMEdia With $5 trillion of investable capital sitting on the sideline and not being put into projects across the U.S., opportunity zones – created by the Tax Cuts and Jobs Act – are a way to take advantage of a tax reduction and invest in local communities. Caliber – The Wealth Development Co., on Wednesday hosted a tour of …
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