Ballard to Speak at State-sponsored Opportunity Zone Conference, November 27

Mike Ballard, CEO of Ballard Consulting and a Managing Director in Sixty West Funds, is speaking at an Opportunity Zone Conference on Tuesday, November 27, from 8:00 a.m. – 4:00 p.m. at the City of Las Vegas Council Chambers, 495 South Main Street, Las Vegas, NV 89101.  Mike’s session is called “The TANK — Hear from Opportunity Zone Funds.”  In […]

Continue Reading 0

Treasury Releases Guidance on ‘Opportunity Zone’ Program

The Internal Revenue Service unveiled proposed regulations for the Opportunity Zones (OZ) incentive, addressing gains invested in qualified opportunity funds. The rules provide investors with guidelines about how they can qualify for special tax breaks in so-called Opportunity Zones — underdeveloped areas where the U.S. government is trying to promote investment. They specify that only capital […]

Continue Reading 0

What a week!

In the last week, I’ve done presentations in Salt Lake City, Orange County and Las Vegas regarding Opportunity Zones.  This is such an important and potentially revolutionary program that I believe will truly transform low-income, neglected neighborhoods. Attached is the presentation that I gave to today audience in Las Vegas.  

Continue Reading 0

Opportunity Zones Podcast From Salt Lake City

Mike Ballard was interviewed by Mark Jenson,  Executive Vice President of Investment Sales with Colliers International based in Salt Lake City. Opportunity Zones are a hot button of discussion inside of the CRE and investment world, and Mike explains why!  This podcast is a the first part of a two-part interview as Mark and Mike […]

Continue Reading 0

OZ Coalition Letter Requests Guidance from IRS, Treasury

The Opportunity Zones Coalition this month sent a letter to David J. Kautter, the acting commissioner of the Internal Revenue Service, outlining the major unresolved issues and requesting guidance and clarification from the IRS and Treasury Department concerning the opportunity zones (OZ) incentive. The letter, signed by 46 organizations including some clients of Ballard Consulting, seeks […]

Continue Reading 0

Opportunity Zones: A Tax Incentive for Existing Capital Gains Deferral

Investing in Opportunity Zones allows real estate investors to defer or eliminate short-term and/or long-term gains on the sale of real property, stocks or other investments. The federal government included an important tax incentive provision for real estate investors, developers and professionals in the federal Tax Cuts and Jobs Act that was enacted in December […]

Continue Reading 0

CDFI Fund Awards $3.5 Billion in NMTCs

On Tuesday, February 13th, the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) awarded $3.5 billion in New Markets Tax Credit allocation to 73 community development entities throughout the country. Based on the terms of the awards, it is expected that approximately $2.47 billion of allocation will be deployed to support businesses in […]

Continue Reading 0

Four-star General and Hippie Agree on Leadership & Change Management

This last week I went to the Fortune Magazine ScaleUp Summit in Atlanta Georgia.  The overarching theme of the summit–from General McChrystal’s “Team of Teams” keynote to Ari Weinzweig’s change management presentation about Zingerman’s Deli–is that no one wants to be managed. Instead, our people want and need coaches. If the frontline employees have access to the […]

Continue Reading 0