Cornerstone Alliance Touts Local Opportunity Zones

prospectus
prospectus

Cornerstone Alliance is promoting some of the real estate prospects located within the Opportunity Zones in the city of Benton Harbor and Benton Township. Cornerstone tells us Opportunity Zones were created as part of the federal tax reform plan passed in 2017. Investment in a business or real estate within an Opportunity Zone can provide a temporary break on an individual’s capital gains tax. The idea was to spur economic development in low-income areas. Cornerstone Alliance helped establish the Opportunity Zones in the Benton Harbor area. They include Riverview Drive, downtown, and the Arts District in Benton Harbor, along with the Fairplain Plaza, Mall Drive, and industrial areas in Benton Township. It’s put up a new website touting those locations as prime for development. You can find it right here.