Long-awaited guidance expected to trigger a surge of green-lighted projects as investors race to meet holding periods, creating competition for investment dollars and desirable OZ developments and businesses -

The Department of Treasury has released eagerly anticipated proposed regulations on Opportunity Zones (“OZs”). Although OZ incentives were enacted months ago, investors, developers, entrepreneurs, and fund sponsors have been wary to commit to OZs because the statute left many key definitions and mechanical questions unanswered.