Written by Kari Lydersen, Midwest Energy News
[Robert “A.J.” Patton and Erica Johnson] are launching a company that they hope will provide quality housing to lower-income residents in Chicago, and avoid gentrification, by harnessing the potential of energy efficiency and solar. At the same time, they plan to provide jobs for low-income and minority residents who are disproportionately left out of the clean energy economy.
Patton said 548 will purchase buildings in marginalized, mostly minority neighborhoods on the South and West sides that have been deemed Opportunity Zones under the federal program meant to stimulate investment. That means if someone invests capital gains in projects in the zone, a portion of federal taxes is deferred or forgiven. Read more here.
Photo Credit: 548 Capital
- Opportunity zones could provide major boost for clean energy, sustainable development, GreenBiz
- Clean energy in Opportunity Zones: An interview with Jon Bonanno, PV Magazine
In this interview with PV Magazine, New Energy Nexus CXO Jon Bonanno describes the significant opportunity presented by the federal Opportunity Zone program – and the limited window of time to take full advantage of the program.
- New Energy Nexus Resource: Fundamentals Of Clean Energy Investing In Opportunity Zones. Posted on My OZ Fund.Org
- Opportunity Zones May Spur Microgrid Development, Microgrid Knowledge
Nebraska Opportunity Zones
- Opportunity Zones – Nebraska Department of Economic Development
- Gov. Ricketts Announces Approval of Opportunity Zones, News Release
- Nebraska Opportunity Zones Program – Source: Invest Nebraska
- Nebraska Opportunity Zones FAQs – Source: Invest Nebraska