By Kim Slowey, Construction Dive
Developer-builder Decennial Group — a joint venture between developers Clayco and Farpoint Development — announced it will invest $1 billion in U.S. heartland opportunity zone development projects, according to a company press release. That investment, according to The Real Deal, should come in the next three years, but the company could sink as much as $20 billion into new projects during the next 10 years.
Opportunity zones are located in economically challenged areas and stand to benefit from investment tax incentives created through President Donald Trump’s tax reform bill. There are 8,700 designated opportunity zones nationwide.