Orlando, FL June 25, 2019- The Indian American Chamber of Commerce- Orlando (IACC) hosted its June Business After Hours (BAH) event on Wednesday, June 19th. The event focused on investing in Qualified Opportunity Zones to take advantage of the tax incentives the zones offer.
Entrepreneurs and real estate investors learned about the Qualified Opportunity Zone tax incentive. It was created by the Federal Tax Cuts and Jobs Act. Qualified Opportunity Zone investing and Qualified Opportunity Funds offer compelling options for real estate investment and realization of attractive tax benefits. There are several Qualified Opportunity Zones for investors to consider in Central Florida.
James Lang, Shareholder at Greenberg Traurig, was Guest Speaker at the event, which was hosted by Greenberg Traurig, P.A. in downtown Orlando. Mr. Lang focused on several Qualified Opportunity Zones in and near downtown Orlando. Individuals and companies are investing in these zones, benefiting from tax incentives, and improving neighborhoods. Mr. Lang explained about other Qualified Opportunity Zones across Central Florida.
“Real Estate investors are focusing on Qualified Opportunity Zones here in Central Florida. There are more than 400 zones in Florida, and 12 of these communities are located in the City of Orlando. The program provides tax incentives, including temporary deferrals on capital gains taxes when investors reinvest those gains in qualified Opportunity Funds. These funds are then invested in designated low-income communities to improve neighborhoods. The chamber thanks Greenberg Traurig, P.A. for raising awareness about these important investing opportunities,” said Yog Melwani, IACC President.
The IACC is taking a leading role to foster business opportunities in Central Florida, from the annual IACC India Day with the Orlando Magic, to innovative events like the Smart and Sustainable Cities Collaborative, to informative BAH events hosted at various local businesses, like Qualified Opportunity Zones.
A strong Chamber of Commerce, the IACC endeavors to expand the “reach” of its members’ businesses. Together, the IACC and its members are committed to community service, to assisting charitable groups, and to increasing trade between the United States and India.
The Indian American Chamber of Commerce (IACC) is focused on “Connecting People and Fostering Business”. The IACC is widely recognized as the business organization for the Asian Indian community, as well as other individuals and corporations who currently, or in the future, would like to do business with Asian Indians in Central Florida or in India. Visit www.IACCOrlando.com for more information. The IACC is a not for profit 501 (c-6) organization.