Our initial software projects will deal with warehouse management and related issues for small businesses. As the business expands we intend to expand our product offerings into other areas as well.
An Opportunity Zone is a lower-income area designated under the federal Tax Cuts and Jobs Act. According to Treasury Department Secretary Steven T. Mnuchin, "Opportunity Zones are helping to revitalize communities and create jobs for hardworking Americans."
This law allows for certain investments in these areas to have significant tax advantages. Investors can receive substantial tax breaks by putting eligible capital into businesses in the zone that qualify as Opportunity Funds. The longer those funds remain invested, the greater the tax breaks.
It is our intention to certify as a Qualified Opportunity Fund.
For more information, please contact us.