Opportunity Zone Sessions | Thursday, July 25

8:00 am or 5:30 pm

@ Holiday Inn - 980 Omni Blvd | Newport News


If you’re a developer or investor looking to get ahead of the curve, the new Opportunity Zones can give your project an edge. Sign up for one of our Investor Sessions, where experts in legal, accounting and development explain how the zones work and how you can benefit.



Guest Speakers

Jenny Connors, Esq.

Partner | Williams Mullen


804.420.6582
Jenny Connors focuses her practice on the taxation of businesses, business owners and investors, with a particular emphasis on the taxation of flow-through entities. Jenny also counsels clients on the establishment of private equity funds, the acquisition of low-income housing and historic preservation tax credits and the formation of tax-exempt organizations. She also advises clients on tax incentives for investments in the qualified opportunity zones established by the Tax Cuts and Jobs Act of 2017.
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Greg Davis, CPA

Partner | Cherry Bekaert


757.456.2400
A Tax Partner in the Hampton Roads practice, Greg provides sophisticated tax planning and compliance for multi-state pass-through entities, C corporations, and high-net-worth individuals. Greg has more than 12 years of experience assisting companies in the real estate, construction, private equity and government contracting industries. Clients in these areas seek Greg’s guidance with industry specific tax planning and reporting matters.
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Registration Form

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Frequently Asked Questions about Opportunity Zones in Newport NewsOpp Zone Basics

Opportunity Zones are a new revitalization tool resulting from the Federal Tax Cuts and Jobs Act of 2017. The Zones will allow investors to receive tax benefits on currently unrealized capital gains by investing those gains in census tracts designated as Opportunity Zones. The U.S. Department of the Treasury is finalizing regulations for this new program.
What are the tax benefits to investing in Opportunity Zones?

For an investor to realize the tax benefits of investing in Opportunity Zones, an investor's capital gains must be invested in a Qualified Opportunity Fund within 180 days of the sale or exchange that generated the gains. Investors are then eligible to defer the tax on their capital gains until the earlier of the date the Opportunity Fund investment is sold or December 31, 2026.

The capital gains invested in a Qualified Opportunity Fund are eligible for partial tax forgiveness if the investment is held in a Qualified Opportunity Fund for at least 5 years. After 5 years, only 90 percent of the original gain is taxed. If the investment is held for 7 years, only 85 percent of the original gain is taxed.

If an investment in a Qualified Opportunity Fund is held for 10 years, any tax on the appreciation of that investment is forgiven.

What are Opportunity Funds?
Opportunity Funds are Treasury-certified investment vehicles that deploy capital into Opportunity Zone property.
What are Opportunity Zone properties?
Assets such as:
  • Stock in a qualified Opportunity Zone business
  • Partnership in a qualified Opportunity Zone business
  • Property in a qualified Opportunity Zone business; tangible property used in a trade or business

Opp Zone Questions?
We Have Your Answers.

Mallory Butler

Senior Economic Analyst


(757) 597-2840 ext. 403
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