If you are an investor seeking preferential tax treatment, you may want to consider investing in an Opportunity Zone.Opportunity Zones were added to the tax code by the Tax Cuts and Jobs Act on December 22, 2017 and are designed to provide preferential tax treatment to those who invest in these economically-distressed communities.Did you know that there are Opportunity Zones right here in Salt Lake City?If you'd like to learn more and how you could benefit, join us for the March Main Monthly Meeting where Lara Fritts, Salt Lake City's Director of the Department of Economic Development, will be presenting, "Opportunities in Salt Lake City's Opportunity Zones."
During her presentation, Ms. Fritts will provide the following information:
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Salt Lake City Overview
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Opportunity Zones – brief overview and how they were selected for SLC
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Life Sciences “opportunity” for Opportunity Zones
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Opportunity Zones in Redevelopment Project Areas
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Salt Lake City Tools for Investors in Opportunity Zones
About Lara Fritts: Lara Fritts is a certified economic developer with over 25 years of experience in economic development, management, and technology. Her experience spans city, county, and regional levels in both the public and private sectors. Known for her strengths in strategic planning, collaboration, marketing, and leadership, Lara has proven to be an invaluable asset to Salt Lake City and the creation of their newly formed Department of Economic.
Currently, Lara is the Director of Salt Lake City’s Department of Economic Development (SLC DED). The department was formed in July, 2016. Lara was appointed to her position after a nationwide search, and oversees the three divisions that make up the new department: Business Development, the Redevelopment Agency of Salt Lake City, and the Salt Lake City Arts Council. Under Lara’s leadership, Salt Lake City is now home to more than 30 new companies like UPS, Amazon, Stadler Rail, and others totaling over 9,000 jobs (as stated by the companies) and nearly a billion dollars in capital investment since the department’s creation.
Prior to coming to Salt Lake City, Lara served as the President and CEO of the Annapolis Economic Development Corporation where she was responsible for the startup of the Maryland Economic Development Association’s award-winning program. Prior to that, Lara was the Executive Director of the Southeast Fairfax Development Corporation (SFDC) where she was responsible for the redevelopment of a 7.5-mile commercial corridor – now a thoroughfare from Capital Beltway to Fort Belvoir with six thriving Community Business Centers (CBCs). Lara has also served as the Executive Director of the Greater Rockville Partnership and the President and CEO of the Washington, D.C. Technology Council.
Lara has a Master’s in Urban Studies from the University of Wisconsin – Milwaukee, and a Bachelor’s degree in Regional Analysis from the University of Wisconsin, Green Bay.
For More Info: Contact Rebecca Dearing by calling (801) 647-8862 or by sending an e-mail to [email protected].
To Pre-Register: Click the blue "Register Now" button at the top of the screen.