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Qualified Opportunity Zone and Hillsborough County Economic Development Programs for Uptown Tampa

Tampa Innovation Partnership (!p) is hosting a Real Estate Breakfast to discuss development incentives in the area including the Qualified Opportunity Zone and Hillsborough County economic development programs. 

James Lang, shareholder at Greenberg Traurig Law Firm focused on tax incentive programs, will provide an introduction to the Qualified Opportunity Zone and QOZ Funds which are part of the new federal tax code through which census tracts are designated by the U. S. Department of Treasury where capital gains may be reinvested in businesses or real estate and tax payments on the gains are deferred or even eliminated. Much of the Uptown area lies within designated Opportunity Zones and the potential for the program to attract private investment could be transformative for the area.

Eric Lindstrom, competitive sites and redevelopment manager for the Hillsborough County Economic Development Department, is also on the agenda to share details about incentives and opportunities from the county that can be beneficial to developers and businesses.