September 17, 2019 Comments Off on What Businesses Are Saying About O-Zones Views: 448 Connect Classroom, National News

What Businesses Are Saying About O-Zones

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In late May 2019, KPMG hosted a TaxWatch webcast about Opportunity Zones. And, during that event, the organization polled attendees about various aspects of the QOZ program. From that data, KPMG developed an infographic, of which the following were interesting standouts:

  • 60% of those surveyed were still unsure about investing in Opportunity Zones, based on April 2019-released regulations.
  • 41% polled indicated they would be reluctant to invest in Opportunity Zones because “the process and regulations are confusing”.
  • 51% of participants indicated that, while they had gains eligible for investment in a Qualified Opportunity Fund, they weren’t sure if that was where they would place those gains.

The sample size ranged from 300-450 participants.

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