On December 5, 2019, the University of Delaware and Delaware Gov. John Carney hosted daylong Opportunity Zone Summit for investors and leaders from Delaware's government, industry, business, academia, and community sectors.
Opportunity Zones are a community development program established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. The program provides a tax incentive for investors to re-invest their unrealized capital gains into Opportunity Funds that are dedicated to investing into Opportunity Zones designated by the chief executives of every U.S. state and territory. Delaware has 25 zones.
The event took place in the 10-story Tower at the STAR Campus, which itself is a Delaware Opportunity Zone.
Read more from the UDaily article here.