California Won’t Budge on OZ Conformity but Gets Bulk of Investments
Julie Treppa spoke at Bisnow's California Opportunity Zone Summit on April 15.
In the article, "California Won’t Budge on OZ Conformity but Gets Bulk of Investments," Julie said one of the reasons opportunity zone investments tend to be made in real estate versus other ventures is the program is tied to census tracts. Although a building isn’t going to move, a business might.
“When we're talking about a 10-year investment timeline, it's hard to say that you're going to meet these requirements during that whole 10-year period if you're investing in a small business that might grow and move elsewhere,” Julie said.