It’s been a little over three years since the Opportunity Zones initiative was created under the Tax Cuts and Jobs Act in December of 2017. A lot has happened since its inception, so we recently sat down with Reid Thomas, who is JTC Americas’ Chief Revenue Officer and Managing Director, and Coleen Danaher, who is [...]
Latest acquisition to complement JTC’s existing global fund administration capabilities San Jose, CA, Feb. 23rd, 2021 – Global fund administrator JTC Group announced the acquisition of INDOS, an industry-leading specialist in the provision of depositary, ESG and AML oversight services for alternative investment funds. INDOS is being acquired from its management team and a group [...]
At a glance: An incoming Biden administration will likely heighten regulatory scrutiny in areas and programs such as EB-5, Opportunity Zones, 1031 exchanges, impact investing and private equity. For instance, he has proposed eliminating 1031 exchanges and increasing taxes on capital gains; at the same time, he may provide more regulatory clarity around Opportunity Zones [...]
Join us for the Opportunity Zones Expo virtual event taking place on Thursday, November 12th to Friday, November 13th. The two-day online conference provides a cutting-edge agenda with impressive keynote speakers along with distinguished panelists, including our very own Reid Thomas of NES Financial, a JTC Company, whose panel will share insight about the future [...]
It’s no secret that before the pandemic hit the U.S. hard earlier this year, the more than 8,700 designated Opportunity Zones were already distressed and in desperate need of an economic boost. Opportunity Zones, a bi-partisan initiative, was enacted in 2017 to help incentivize economic development and growth in communities previously overlooked by investors. The [...]
Specialty financial administrator NES Financial announced today that it has contracted to provide its purpose-built Opportunity Zone Fund Administration services to Arctaris Impact Investors — a Boston-based impact investment firm focused on creating jobs in small-to-medium operating businesses in manufacturing, renewable energy, telecom, and real estate. The Arctaris Opportunity Zone Fund, unique in its capital [...]
This week we spoke with Jonathan Tower, founder and managing partner, and Benjamin Bornstein, managing director, of Arctaris Impact Investors, during our Opportunity Zones webinar on February 12th about the importance of social impact. Jonathan and Benjamin also presented a case study on a fund that sets a high-bar social impact reporting. Prior to the [...]
In Part Two of our Opportunity Zones Q&A blog series with Howard W. Buffett, professor at Columbia University and president of Global Impact, we asked a pressing follow up question many have about calculating the impact value of money. Howard, who spoke with us during our Opportunity Zones webinar on February 12th about a formula [...]
Specialty financial administrator NES Financial announced today that it will host its first Opportunity Zones webinar of 2020, Measuring Social Impact in Opportunity Zones, with Howard W. Buffett, professor at Columbia University and president of Global Impact LLC and Jonathan Tower, managing partner, and Benjamin Bornstein, managing director, of Arctaris Impact Investors. The informational webinar [...]
Prior to our Opportunity Zones webinar on February 12th, we spoke with Howard W. Buffett, professor at Columbia University and president of Global Impact, about a formula he devised called “iRR” — impact rate of return. The iRR® framework provides new ways for Opportunity Funds (among many others) to measure and report on their social [...]