PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Advocate for Entrepreneurs and Small Business Reps Eager to Attend White House Opportunity Zones Conference

By at 17 April, 2019, 9:30 am

NEWS

For Immediate Release

Washington, D.C. –  On the afternoon of April 17, the White House will host an “Opportunity Zone” conference attended by a diverse mix of engaged stakeholders. The Small Business & Entrepreneurship Council (SBE Council) will be represented at this important event, as both SBE Council president & CEO Karen Kerrigan and member Jason Duff, Founder of Small Nation – a serial entrepreneur who is helping to revitalize small town America – have been invited to attend.  Opportunity Zones were created to spur private investment in economically distressed communities across the country. The measure was included as part of the “Tax Cuts and Jobs Act” signed into law in December 2017.

“Opportunity Zones have tremendous potential to power new investment and job creation in towns like mine in Bellefontaine, Ohio.  As someone who has been directly involved in the revitalization of small town America, I am looking forward to participating in this important event to help encourage more entrepreneurs to fully understand and take advantage of this positive incentive,” commented Duff.

Kerrigan added:

“Entrepreneurship and new business creation are key to revitalizing economic growth and opportunity in these zones, and the potential is exciting.  Related initiatives we are working on, like investment crowdfunding, can also drive capital into the hands of entrepreneurs to help them build successful businesses in Opportunity Zones. I am eager to share information and learn from other attendees so that we can accelerate the success of this important economic initiative.”

There are 8,700 Opportunity Zones that have been designated in every state. As noted by the White House Council of Economic Advisers in a Fact Sheet: “Since Zones were designated, counties with a larger presence of Zones have had faster wage growth than those with a smaller presence (see figure). This was not true in the years before the Opportunity Zone Investment Incentive, suggestive of a causal effect of the incentive.” The Opportunity Zone provision allows investors to defer their liability on a capital gain if the realized gain is invested in businesses, or to improve properties in the zones.

To speak with Karen Kerrigan or Jason Duff, please contact:

Karen Kerrigan, President & CEO, SBE Council

703-242-5840

e-mail: kkerrigan@sbecouncil.org

 

Jason Duff, Founder, Small Nation 

Cell:  937-539-1474

e-mail: jduff@communitystorage.com

 

About SBE Council

SBE Council is nonpartisan advocacy, research and education organization dedicated to protecting small business and promoting entrepreneurship. For 25 years, SBE Council has worked on and advanced a range of private sector and public policy initiatives to strengthen the ecosystem for strong startup activity and small business growth. Visit www.sbecouncil.org for additional information. Twitter: @SBECouncil

About Small Nation and Jason Duff

Jason Duff is an entrepreneur and the Founder of Small Nation. He leads the Small Nation team, which develops places, spaces and dreams for small towns and small town entrepreneurs across the country. Through Small Nation individuals and business leaders can learn the Small Nation team’s “Hustle Hard Approach” to small town development at Small B* School — a new online training center where small businesses and small towns can learn how to start, revive, grow and thrive from Small Nation’s nationally recognized leaders.

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