Scaramucci, His Firm Are Optimistic On Opportunity Zones

Law360 (April 19, 2019, 4:48 PM EDT) -- Former White House director of communications Anthony Scaramucci and his investment firm are optimistic about opportunity zone investments, but he told Law360 in a recent interview he's not sure capital flow will reach the $100 billion the U.S. government had predicted.

Congress created opportunity zones as part of the 2017 Tax Cuts and Jobs Act in an effort to use tax incentives to encourage investment in projects in certain designated regions. While there was little talk of the program in early 2018, companies in later months started raising funds and investors began looking at deals in earnest, and law firms also...

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