The federal tax reform made thousands of changes to the US tax code but one in particular that has caught the attention of the economic development community is the new “Qualified Opportunity Zone” program. The Qualified Opportunity Zone program is designed to encourage investment in businesses that are located in low-income communities by permitting a […]
Too often, negative stories of potential job losses accompany discussions of the impact of automation. However, success stories of automation’s impact exist all over the United States in communities and companies. Growth has centered on robotics, Automated Vehicles (AVs), embedded and mobile technology, Automated Guided Vehicles (AGVs) and the disrupters of established industries. Robotics Robots […]
Automation is having a dramatic impact on real estate development that creates challenges and opportunities in urban, suburban and rural markets. The growth of E-Commerce closed a record number of retail establishments in the US and will continue to do so but also creates opportunities for the development of fulfillment centers. The advent of Autonomous […]
Automation has been impacting work in the United States for over 100 years. The Kennedy Administration pointed to the impact of automation impacting the manufacturing sector starting in the 1950s. Industries like textiles figured out how machines could replace humans and produce higher quality products for less money. Occupations with the highest chance of being automated […]
The recently enacted federal tax reform legislation permits the US Treasury to designate up to 25% of a state’s low wealth census tracts and up to 5% of non-low wealth consensus tracts contiguous to low wealth districts to be Opportunity Zones. Designated census tracts determined to be Opportunity Zones encourage private sector investment by offering: […]
What is the Federal Opportunity Zone Program? The federal tax reform made thousands of changes to the US tax code but one in particular that has caught the attention of the economic development community is the new “Qualified Opportunity Zone” program. The Qualified Opportunity Zone program is designed to encourage investment in businesses that are located […]