Update On Understanding Opportunity Zones in Hawaii Seminar

Opportunity Zones Seminar Logo

On October 17, 2019 DBEDT and partner organizations, Hawaii Society for Certified Public Accountants (HSCPA) and the Hawaii Community Reinvestment Corporation (HCRC)  took a deep dive into the tax, legal and business details of investing in Hawaii’s Opportunity Zones (HI OZ), a community development program authorized by the recently passed Federal Tax Cuts and Jobs Act of 2017. This tax initiative provides incentives for investors to re-invest capital gains into Opportunity Funds in exchange for temporary and long-term tax deferral and other benefits. The Opportunity Funds are then used to provide investment capital to economically challenged communities, i.e., Opportunity Zones. National experts covered all aspects of this federal initiative to direct investment capital into economically challenged areas of the state. This seminar was designed for CPAs, lawyers, bankers, real estate brokers, potential investors, and financial advisors.  Also, this seminar addressed many questions of business owners and real estate developers who are considering seeking an Opportunity Fund investment. For more information, please download the program and presentations:



Understanding Opportunity Zones in Hawaii Seminar

On October 4th, 2018 a half day seminar in Honolulu was held titled “Understanding Opportunity Zones in Hawaii.” The event was co-sponsored by DBEDT, Hawaii Community Reinvestment Corporation, and the Federal Reserve Bank of San Francisco.

Almost 200 people attended the event and joined the conversation exploring possibilities for Opportunity Zones in Hawaii. Local and national experts (including Maurice Jones of LISC and a Brent Parker from Novogradac & Company) spoke and focused on what we know so far about how this new tax incentive can be used and the roles regional stakeholders can play to ensure the benefits of this investment vehicle are broadly shared. Here are the presentations: