Opportunity Zones (OZ) are geographic areas across the U.S. as nominated by the State and designated by the federal government. The COZC represents 135 ones in Chicago and 48 in suburban Cook County. It facilitates connections through education and technical support to attract investments that create jobs, build wealth, and promote equitable development.
In support of this mission, the Polsky Center has been awarded $40,000 in funding to cover the cost of incorporating a qualified OZ professional services provider to deliver OZ-related technical expertise as part of education initiatives.
“Through this COZC opportunity, the Polsky Center will incentivize businesses with high growth potential to learn about the benefits of OZs and to have the knowledge and the accounting assistance to grow and scale their businesses,” said Duality Director Eze Burts III. “Polsky Center program alumni are encouraged and incentivized to have a footprint, hire local talent, and stay engaged in the Chicago ecosystem.”
The Polsky Center will provide general OZ workshops for Polsky Exchange members and program alumni, providing a range of participants with an overview of OZ. Companies ready to pursue OZ funding further will apply to work directly with OZ professionals.
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This article was first published by UChicago's Polsky Center for Entrepreneurship and Innovation.
