The economic effects of the pandemic have created an even greater need to support underserved communities in over 8,700 designated Opportunity Zones, and there is a lot more we can do to help the initiative succeed.
SAN JOSE, Calif. (PRWEB) October 27, 2020
Specialty financial administrator NES Financial, a JTC Company (LON: JTC), and national law firm Akerman, announced today that they will co-host the “National Opportunity Zones Virtual Forum” alongside Brevet Capital and Cantor Fitzgerald.
The informational event, which is free and open to the public, is scheduled for Wednesday, October 28 at 11 a.m. ET. It will include an address from Benjamin Hobbs, Special Assistant to the President for Domestic Policy, as well as four interactive panel presentations on topics such as impact tracking, project structures, community engagement, legislative developments and potential improvements to the initiative. A live Q&A session will follow.
“The economic effects of the pandemic have created an even greater need to support underserved communities in over 8,700 designated Opportunity Zones, and there is a lot more we can do to help the initiative succeed,” said Michael Bailkin, event co-chair and counsel member of Akerman’s Qualified Opportunity Zones team. “It is our hope that this forum will help community stakeholders better understand the importance of Opportunity Zones and how they can assist in the country’s much-needed economic recovery.”
The bi-partisan Opportunity Zones initiative was enacted in 2017 to help incentivize economic development and growth in communities previously overlooked by investors. The initiative has since expanded considerably, and further growth is expected as a result of increased clarity from the U.S. Department of the Treasury’s final regulations and multiple legislative proposals that would provide more in-depth reporting.
“It is in the interest of all stakeholders involved in Opportunity Zones—community members, developers, investors, government officials—to continue to help shape best practices within this desperately needed stimulus initiative,” said Reid Thomas, Chief Revenue Officer of NES Financial, a JTC Company. “The ability to deliver purpose-built Opportunity Zone solutions is a big piece of the puzzle to help ensure that the initiative does the good it was intended to do.”
To RSVP and attend the forum, please click here for more details.
About NES Financial
NES Financial, a JTC Company, is a multi-jurisdictional provider of fund, corporate and private client services. The company administers more than $130 billion in assets and employs more than 900 people worldwide. A leader in specialty financial administration, NES Financial serves markets characterized by high administrative complexity, elevated transaction security needs and challenging compliance requirements.
As the North American division of JTC, NES Financial is the leading provider of third-party administrative solutions to US impact investment sectors, including Opportunity Zones and EB-5 visa funding, as well as to US private equity and 1031 exchanges. The company’s technology-driven solutions streamline new best practices in these markets by simplifying specialized financial transactions, reducing back-office overhead, curtailing fraud and abuse, and ensuring security, transparency and regulatory compliance during each step of an investment’s life cycle.
For more information, visit nesfinancial.com.
Akerman LLP is a top 100 U.S. law firm recognized among the most forward thinking firms in the industry by Financial Times. Its more than 700 lawyers and business professionals collaborate with the world’s most successful enterprises and entrepreneurs to navigate change, seize opportunities, and help drive innovation and growth. Akerman is known for its results in middle market M&A and complex disputes, and for helping clients achieve their most important business objectives in the financial services, real estate and other dynamic sectors across the United States and Latin America.
About Brevet Capital
Headquartered in New York, Brevet Capital is a leading global credit and specialty finance firm. Focusing on opportunities related to the government sector, Brevet originates and structures customized financing solutions that facilitate borrower growth initiatives. Since inception, Brevet has advised and structured over $20 billion of transactions. Brevet has a 20-year track record of partnering with U.S. state, federal, and international government agencies to provide unique financing solutions. For more information, please visit brevetcapital.com.
About Cantor Fitzgerald
Cantor Fitzgerald, L.P., with over 13,000 employees, is a leading global financial services group at the forefront of financial and technological innovation and has been a proven and resilient leader for over 75 years. Cantor Fitzgerald & Co. is a preeminent investment bank serving more than 5,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, prime brokerage, and commercial real estate and for its global distribution platform. Cantor Fitzgerald & Co. is one of the 24 primary dealers authorized to transact business with the Federal Reserve Bank of New York. For more information, please visit cantor.com.