Funding for the Smartcoast
The Smartcoast Opportunity Fund
The Smartcoast.us team is working on creating an opportunity fund that is focused on making triple bottom line investments in the opportunity zones along the gulf coast. The enabling legislation and IRS rules are available in the sidebar.
What is an Opportunity Zone?
An Opportunity Zone is a designation created by the Tax Cuts and Jobs Act of 2017 allowing for certain investments in lower income areas to have tax advantages.
What is an Opportunity Fund?
A Qualified Opportunity Fund is an investment vehicle that is set up as either a partnership or corporation for investing in eligible property that is located in a Qualified Opportunity Zone.
Triple Bottom-line and Tax savings!
Our idea is to revitalize our opportunity zone designated areas using the development principles of smart cities funded by a combination of social philanthropy investment in a dedicated opportunity fund and Triumph Gulf Coast funds and other coordinated public and private grants.