Effingham's Open Prairie Management Enters Into Agreement Regarding Rural Opportunity Zones

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Published on October 8 2018 3:23 pm
Last Updated on October 8 2018 3:23 pm

CapZone Impact Investments LLC (“CapZone” at www.capzoneimpactinvestments.com), the first national Qualified Opportunity Zone investment platform, has announced the execution of a Memorandum of Understanding with investment partner, Open Prairie Management of Effingham, to source, structure and manage growth investments in rural Opportunity Zones nationwide, including investments in operating companies that hire and train new workers.

“As America pays tribute this holiday to the contributions that workers have made to the strength, prosperity, and well-being of our country, we are delighted to partner with a firm driving investment in human capital in low income communities,” said Al Puchala, Chief Executive Officer of CapZone, “Together, CapZone and our investment partners are focused on creating far-reaching positive impact in underserved markets that supports hard-working folks. Together, we’ll achieve results in multiple sectors, such as job creating operating companies, worker affordable housing, and sustainable infrastructure supplying clean water, renewable power, and broadband communications.”

CapZone’s Opportunity Zone investment program leverages multiple stakeholders to direct ESG + Resilience capital flows at scale into 8,700 low income Opportunity Zones throughout the nation.

Open Prairie Management (www.openprairie.com) is a private equity fund manager providing capital, advanced strategy and related services to high-growth companies in Rural America, where almost 25% of the nation’s Opportunity Zones are located. Open Prairie and CapZone will work together to source, manage and monitor a variety of investments in Rural America, including in food production, agribusiness and innovationbased operating businesses, to target opportunity for accelerated growth and excellent returns to investors.

CapZone Impact Investments llc CapzoneImpactInvestments.com Converting Profits to Purpose 2 About CapZone Impact Investments LLC Founded in early 2018 as an innovative investment model to convert profits to purpose, CapZone Impact Investments LLC, the first national Qualified Opportunity Zone investment platform, is developing Opportunity Zone projects and other Environmental, Social and Governance plus Resilience investments for Social Impact at scale. The Investing in Opportunity Act passed in December 2017 created a nationwide investment program through Opportunity Zones, which are low income communities in designated census tracks selected by the Governors of every U.S. state.

Through investment in Opportunity Zones, taxpayers will become eligible for capital gains reductions and/or exclusions. For community leaders, CapZone provides equity capital that helps finance affordable housing, creates jobs, builds sustainable infrastructure and renews underserved communities. For investors and foundations, CapZone delivers ESG plus Resilience investment opportunities, at scale, with significant tax advantages. For lenders, CapZone provides equity financing to strengthen their loan portfolios. For more information, visit www.CapZoneImpactInvestments.com