Community Investment Affinity Group: Opportunity Zones in Maryland
When the nominations of 149 Opportunity Zones across Maryland were announced in April by the Maryland Department of Housing and Community Development and the Maryland Department of Commerce, many across the state took notice. The Opportunity Zone program, a nationwide initiative administered by the U.S. Treasury, was created under the 2017 Tax Cuts and Jobs Act. The program provides federal tax incentives for investment in distressed communities over the next 10 years. Areas designated as Opportunity Zones will be able to reap the benefits of capital gains to help redevelop underserved communities.
Join Maryland Philanthropy Network’s Community Investment Affinity Group to hear an overview of the program from Frank Dickson, Director, Strategic Business Initiatives at the Maryland Department of Housing and Community Development. Melissa Bondi, Mid-Atlantic State and Local Policy Director for Enterprise Community Partners will discuss how this program might impact Baltimore and surrounding counties and stimulate investments. Christopher Rockey, Senior Vice President and Market Manager, Greater Maryland Community Development Banking for PNC Bank will share details about their Opportunity Fund to support projects within Opportunity Zones.
We’ll reserve a portion of our time for a members-only discussion about priorities and topics you’d like to learn about in 2018.
This program is for Maryland Philanthropy Network Members and invited guests only. Lunch will be served.