Business Services

Opportunity Zones

The Opportunity Zone Program, enacted as part of the 2017 Tax Cut and Jobs Act, is a new federal economic development tool low income communities across the country can use to initiate economic and social growth. The heart of the program is uniting private capital, in the form of unrealized capital gains, with urban and rural communities that have great, untapped potential, but have historically lacked the resources to bring that potential to light. Through this new program, specifically identified communities in all 50 states, whether they be located in the heart of Appalachia or the center of Chicago, whether they be in the industrial communities of Ohio or in the West End of Louisville, have a chance to blossom and develop into strong centers of commerce and culture.

Stites & Harbison is dedicated to community development and capital investment. We designed this Opportunity Zone information as a way of facilitating Opportunity Zone transactions, by linking Projects, Qualified Opportunity Funds, and Investors with one another, and which allows the parties to find the best fit for their particular situation. By bringing others together, we envision this program producing great results and hope that this information is the conduit for those results. Because, as we all know, in order to produce greatness, sometimes all you need is the right opportunity.

To receive articles and alerts regarding Opportunity Zones, please email Kim Schmittel.

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Events

New Markets Tax Credit-What it Takes to Have a “Shovel Ready” Project

Date: 4/22/21
Time: 11:30 a.m. - 1:30 p.m.

Webinar

Please join Stites & Harbison for a webinar focused on what makes a project “shovel ready” for the purpose of attracting New Markets Tax Credit financing.

James C. Seiffert and Jameson M. Seiffert April 08, 2021
Articles

Real estate veterans partner on West End condo project

The development team behind a planned multifamily renovation of single-family residential condominiums in the Parkland area of West Louisville believes the project can be a springboard for more growth and give West End residents an...
by James C. Seiffert and Jameson M. Seiffert January 19, 2021
Press Releases

IFLR1000 Honors Stites & Harbison and James C. Seiffert

LOUISVILLE, Ky.—IFLR1000 has announced that Stites & Harbison, PLLC and attorney James C. Seiffert have been honored in IFLR1000 United States for 2020.

by Stites & Harbison, PLLC August 27, 2020
Client Alerts

$5 Billion of New Market Tax Credits in Search of High Impact Projects

It is anticipated that the Community Development Financial Institutions Fund (“CDFI”) will announce $5 billion in New Markets Tax Credits (“NMTC”) allocation awards within the next several weeks.

by James C. Seiffert and Jameson M. Seiffert July 02, 2020