*INSERT A PICTURE OF YOUR REGION AS BACKGROUND*

NARRATIVE OF [town/county/region] What’s the story you’re telling about your town and region. Your marketing pitch that puts all the different projects into one frame?

This should be the hook that pulls people in

This can be framed as a letter from the mayor<br>

HOW DO OPPORTUNITY ZONES WORK? What are the incentives for investors? Temporary Deferral: An investor can defer capital gains taxes until 2026 by rolling their gains directly over into an Opportunity Fund
Reduction: The deferred capital gains liability is effectively reduced by 10% if the investment in the Opportunity Fund is held for 5 years and another 5% if held for 7 years
An Exemption: Any capital gains on subsequent investments made through an Opportunity Fund accrue tax-free as long as the investor stays invested in the fund for at least 10 years. What are the major components? Investments: Opportunity Funds make equity investments in businesses and business property in Opportunity Zones.
Funds: Opportunity funds are investment vehicles organized as corporations or partnerships for the specific purpose of investing in qualified Opportunity Zones
Zones: States and territories designated 25 percent of their eligible low-income census tracts as Opportunity Zones.<br>

INVESTING IN AN OPPORTUNITY ZONE Who can invest? Anyone who has capital gains and has filed form 8949 with the IRS to set up an Opportunity Fund and complies with the deployment timing rules What can they invest in?* (1) Qualified Opportunity Zone Operating Businesses, which must have at least 50% of employees, sales, or property in Opportunity Zones.
(2) Qualified Opportunity Zone Property, which must have been sold or leased after December 2017 and be located within the zone. * Details on: https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions<br>

AUDIENCE FOR THIS PROSPECTUS This document is a review of key projects in [town/region]’s Opportunity Zones. It’s intended for those interested in taking advantage of the federal legislation or looking for places to put their money.

Local individuals with capital gains: These individuals who just sold a company or a piece of property and have a smaller amount of capital gains that they would rather invest in the local economy than pay federal taxes on. This document shows what’s happening in their back yard and what they can do to support it.


Philanthropies and individuals with a regional interest: These institutions and individuals care about the future of the region and may be interested in supporting projects through donations, grants, or low-return capital that create a meaningful investment aligned with their vision. This document shows where they can have the biggest bang for their buck.

Opportunity Fund Managers: These are the national, local, and regional actors with market-rate and socially impact-oriented capital that they’re seeking to responsibly invest in Opportunity Zones. This document shows them a menu of local projects in Opportunity Zones and who to contact for more information them.<br>

MARKET CONTEXT<br>

ZONE DATA where is zone? What’s inside it (this is where GIS data from VT GIS on employment can be super helpful). This should build your case for the narrative that frames the prospectus & also support the idea that investing in these projects is a good economic proposition and has the potential to be meaningful. Key zone stats (vary every place)

Population. What is it now? How has it changed over last 5-10 years (only list this if it builds the case for your narrative)
Key employers & local businesses
Other geographically-based incentives?
What, if anything, have local anchors (university, hospital, foundation, key industry) invested or done to support local economic development?
Can include employment stats
Key local economic partnerships that have been formed? Picture of zone on a map, highlighting key areas of reference (employment centers, universities, etc.)<br>

MARKET STRENGHTS & CHALLENGES Market Strengths (e.g.) Capital investments from anchor institutions
Diverse economy
Engaged regional development coalition
Market proximity to [location]
Strong local leadership
Lots of industrial zoning
Strong demand for housing Market Challenges (e.g.) Population decline
Stagnant wages
High construction costs
Limited venture investment Be up front with this and, with some numbers, talk about what you do well and what problems you’re trying to solve with this project. Make this concrete – I’ve drawn out common & hypothetical examples.<br>

MARKET MOMENTUM What are 2 or 3 key stats that show the scope and sectors where growth has happened?<br>

OPPORTUNITY ZONE PROJECTS<br>

Real Estate A: [can be 2 slides if need be] Insert picture here (this e.g. is for real estate) Description: [can describe the scale of development i.e. a $10 million redevelopment, but should avoid noting any amounts of required equity or returns]

Project Sponsor/ key contact: [who is the local person leading the project? This is the person who you get the information from about the project]

Public supports: [is there public land you’re providing at a discounted rate? Local infrastructure development? Other local public resources (tax abatement/credit, expedited permitting, zoning changes etc.)? Direct to state resources as well]

What is the community buy in? provide proof, this lowers investor’s risk

Surrounding assets: [have you facilitated communication between key anchor institutions and the project sponsor? Are they partnering in any way? How does this project relate to key highlighted stats you noted earlier?]

Project timeline: how far along from concept-to-deal is this? has permitting been approved? When is developer hoping to break ground?<br>

Real Estate B (on public land) Insert picture here Description: [can describe the scale of development& the structure (e.g. a lease buyback for a $10 million redevelopment) but should avoid noting any amounts of required equity or returns]

Project Sponsor/ key contact: [who is the person within the municipality leading the project? This is the person who you get the information from about the project]

Public supports: [What is the lease rate, is it competitive locally? What is the sale price of land? Other local public resources (tax abatement/credit, expedited permitting, zoning changes etc.)?

What is the community buy in? (provide proof)

Surrounding assets: [have you facilitated communication between key anchor institutions and the project sponsor? Are they partnering in any way? How does this project relate to key highlighted stats you noted earlier?]

Project timeline: how far along from concept-to-deal is this? has permitting been approved? Have you drafted an RFP?<br>

Operating business A: [can be 2 slides if need be] Insert picture here (this e.g. is for bsuiness) Description: [can describe the scale of their business, employees etc & what their goals are i.e. a $5 million expansion; are they located in an opp zone already? Or moving into one? This should avoid noting any amounts of required equity or atnicipated returns]

key contact/ entrepreneur: [who is the local person leading managing the businesses external relations? This is the person who you get the information from about the project]

Public supports: What are you doing to support them financially? Local infrastructure development? Other local public resources (tax abatement/credits, employee recruitment, etc.) Direct to state resources as well]

Surrounding assets: [have you facilitated communication between key anchor institutions and the project sponsor? Are they partnering in any way? How does this project relate to key highlighted stats you noted above?]

Project timeline: when are they seeking to expand or raise?<br>

CONTACT US Name:
Title:
Phone:
Email:
Social Media (if applicable):<br>