Eliason, Crossen Discuss Promise of ‘Opportunity Zones’

26 March 2019 American Banker News
Partners John Eliason and Mike Crossen were quoted in an American Banker article, “Banks explore ways to capitalize on tax law’s ‘Opportunity Zones,’” about potential business opportunities created by Opportunity Zones, an element of the federal tax cut law enacted in December 2017 that provides a way for private investors to receive tax benefits in exchange for investing in low- and moderate-income communities.

Eliason, who advises banks and private investors on tax issues, said such zones are fertile ground for private investment. “There is an estimated $6 trillion in investment opportunities that could be unlocked from this program,” he said.

Crossen, who has a public policy and transaction practice, said he takes the view that commercial and industrial loans will be eligible for the Opportunity Zones tax benefit. “If it ends up being only real estate, it will be a lost opportunity,” he said.

Related Services


A Review of Recent Whistleblower Developments
19 July 2019
Legal News: Whistleblower Developments
Blockchain: A Tool With a Future in Healthcare
18 July 2019
Health Care Law Today
Do You Know What IMMEX Stands For?
16 July 2019
Dashboard Insights
Does The U.S. Need STRONGER Patents?
16 July 2019
PTAB Trial Insights
Review of 2020 Medicare Changes for Telehealth
11 December 2019
Member Call
2019 NDI Executive Exchange
14-15 November 2019
Chicago, IL
MAGI’s Clinical Research Conference
29 October 2019
Las Vegas, NV
Association for Corporate Counsel Annual Meeting 2019
27-30 October 2019
Phoenix, AZ