March 21, 2019

Stonehenge Capital President and employees continue to promote Opportunity Zones, scheduled to serve on multiple Opportunity Zone panels

President of Stonehenge Capital, Thomas Adamek, is scheduled to serve on a panel of speakers at The OZ Breakdown: How You Can Reap the Benefits in Dallas, Texas on April 9, 2019. The event will cover an overview of Opportunity Zones, development and investment strategies, and creating sustainable economic development in Texas. According to Bisnow, host of the event, “The Opportunity Zone Program is the first new economic tax incentive program to surface in nearly two decades. It encourages businesses to develop and invest in low-income communities in the hopes of attracting billions in investment and economic growth in Texas' struggling communities.”

Whitney LaNasa, Director of Stonehenge Capital’s Tax Credit Services, will serve as a panelist at the 2019 Opportunity Zone Panel Discussion in Lake Charles, La., on Monday, March 25. She will present details regarding the Opportunity Zone Program and explain how the Program can help redevelop vacant and blighted areas in Lake Charles and throughout Louisiana. The panel will be hosted by the City of Lake Charles and the SWLA Economic Development Alliance from 11:30 a.m. to 1 p.m. at the SEED Center Business Incubator.

Mayor Nic Hunter commented on the upcoming panel discussion: “The City has become more aggressive than ever before in attracting developers to underdeveloped, underserved areas in the northern portion of the City. Opportunity Zones are an extremely lucrative tool. This workshop is a great opportunity for developers and investors to learn more about how they can leverage Opportunity Zones and other economic incentives to help grow our community.”

Steven Leblanc, Vice President at Stonehenge Capital, will serve on a panel hosted by the Houston Chapter of the Urban Land Institute on Developing in Opportunity Zones: What Does It Mean for Houston? The panel will discuss how Opportunity Zones can support and are supporting future housing and other developments in Houston and beyond. Steven has previously touted use of Opportunity Zones in Baton Rouge when he served on a panel with U.S. Senator Bill Cassidy (R-LA) hosted by the Baton Rouge Area Chamber.

The Opportunity Zone Program is designed to incentivize patient capital investments in low-income communities nationwide. These incentives are tied to the longevity of an investor’s stake in a Qualified Fund, providing the greatest return for those who hold their investment for 10 years or more. Opportunity Zones are designed to spur economic development by providing tax benefits to investors.