Tech Transfer eNews Blog

Qualified Opportunity Zones: A Powerful Program for University Research and Economic Development

By Jesse Schwartz
Published: January 15th, 2020

With over 8,700 qualified opportunity zones in the U.S. — and many of those in close proximity to university campuses — there are countless prospects for universities to invest and partner with their local communities to encourage business growth and economic development while bolstering their research and commercialization ecosystem at the same time.

The Opportunity Zone legislation included in the 2017 Tax Cuts and Jobs Act provides compelling and powerful incentives designed to drive economic development. Educational institutions are well positioned to take advantage of these incentives, bringing new projects, partners, jobs, and entrepreneurs that nurture the research and commercialization enterprise on and off campus. Some colleges and universities have already become pioneers in “O-zone” structures — attracting capital and partners to develop large-scale projects such as innovation districts, incubators, research parks, science centers, and other research-focused developments.

With that said, putting together legally compliant structures represents a sizable challenge. 

That’s why Tech Transfer Central’s Distance Learning Division has partnered with John Balboni, co-head of Sullivan & Worcester LLP’s National Opportunity Zone Practice Group, and Brian Darmody, CEO of the Association of University Research Parks, for this interactive webinar that will explore one of the hottest topics for 2020: Qualified Opportunity Zones: A Powerful Program for University Research and Economic Development, scheduled for Thursday, January 30. For complete details and to register, click here.

Also coming soon:

Posted under: Distance Learning, Tech Transfer e-News

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