In March 2019, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund will announce the allocatees for the $3.5 billion of New Markets Tax Credits (NMTC) allocation. Since inception, the NMTC program has allocated a total of $54 billion in tax credit authority to community development entities (CDEs) headquartered in 45 states, the […]
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Ballard to Speak at State-sponsored Opportunity Zone Conference, November 27
Mike Ballard, CEO of Ballard Consulting and a Managing Director in Sixty West Funds, is speaking at an Opportunity Zone Conference on Tuesday, November 27, from 8:00 a.m. – 4:00 p.m. at the City of Las Vegas Council Chambers, 495 South Main Street, Las Vegas, NV 89101. Mike’s session is called “The TANK — Hear from Opportunity Zone Funds.” In […]
Treasury Releases Guidance on ‘Opportunity Zone’ Program
The Internal Revenue Service unveiled proposed regulations for the Opportunity Zones (OZ) incentive, addressing gains invested in qualified opportunity funds. The rules provide investors with guidelines about how they can qualify for special tax breaks in so-called Opportunity Zones — underdeveloped areas where the U.S. government is trying to promote investment. They specify that only capital […]
SEC Chair Wants To Make It Easier to Invest in Private Companies
SEC Chairman, Jay Clayton, wants to take steps to give more individual investors a shot at companies that have for years avoided going public. Private securities, which can include stakes in anything from an apartment complex, an oil well, a biotech firm or software company, can offer investors higher returns than publicly traded stocks and bonds. […]
Happy Labor Day: Remembering the Privilege and Benefits of Work
Next Monday is Labor Day. Many celebrate it as an unofficial end to summer, where children have gone back to school and cooler fall temperatures are almost here. Like many holidays, we often celebrate them more because of the time we get off from work, not for the true meaning of the holiday. However, have you […]
Opportunity Zones Podcast From Salt Lake City
Mike Ballard was interviewed by Mark Jenson, Executive Vice President of Investment Sales with Colliers International based in Salt Lake City. Opportunity Zones are a hot button of discussion inside of the CRE and investment world, and Mike explains why! This podcast is a the first part of a two-part interview as Mark and Mike […]
Opportunity Zones: A Tax Incentive for Existing Capital Gains Deferral
Investing in Opportunity Zones allows real estate investors to defer or eliminate short-term and/or long-term gains on the sale of real property, stocks or other investments. The federal government included an important tax incentive provision for real estate investors, developers and professionals in the federal Tax Cuts and Jobs Act that was enacted in December […]
Four-star General and Hippie Agree on Leadership & Change Management
This last week I went to the Fortune Magazine ScaleUp Summit in Atlanta Georgia. The overarching theme of the summit–from General McChrystal’s “Team of Teams” keynote to Ari Weinzweig’s change management presentation about Zingerman’s Deli–is that no one wants to be managed. Instead, our people want and need coaches. If the frontline employees have access to the […]
Angels invested more money in fewer companies last year
According to Crunchbase Daily, Angel investment rose slightly in 2015, as investors backed fewer companies but put larger sums to work in the deals they did. Overall, angel investment last year totaled $24.6 billion, up 1.9% year-over-year, according to a report from the University of New Hampshire’s Center for Venture Research. A total of 71,110 […]
Four Key Areas of Focus to Create a Thriving Business
Do you want to accelerate growth and create a thriving business? Are you experiencing anxiety about the direction your business is heading? Are you working longer hours than you want? Building a thriving and profitable business means focusing on the four key areas of a business. These critical areas are People, Strategy, Execution and Cash. […]