Latest news with #OpportunityZone
Business Wire
7 days ago
- Business
- Business Wire
ServiceNow and CapZone Announce a Strategic Partnership to Build a National Network of Next Generation Digital Solutions for Mission-Critical Manufacturing Facilities
NORWALK, Conn. & SANTA CLARA, Calif.--(BUSINESS WIRE)-- ServiceNow (NYSE: NOW) today announced a strategic partnership with CapZone Impact Investments LLC, a leading Opportunity Zone investment management company, to develop a national network of next generation digital solutions for mission-critical manufacturing facilities, starting in Mobile, Alabama. The initiative will utilize the ServiceNow AI Platform as the digital backbone combined with CapZone's Opportunity Zone investment, analytics, and compliance solution to transform legacy shipbuilding and bolster U.S. naval operations along the Gulf Coast and beyond. The partnership aims to enable the Department of Defense to modernize faster, sustain readiness more effectively, and meet the demands of evolving competitive global environment with confidence. Together, the collaboration brings CapZone's nationally recognized expertise in long-term capitalization strategies, fund management, and regulatory compliance with ServiceNow's robust suite of solutions – including risk management, enterprise asset management, and AI-powered automation capabilities. The result will be a scalable solution to accelerate Industry 4.0 initiatives and critical infrastructure development, increase supply chain visibility, and modernize manufacturing from the ground up. 'ServiceNow and CapZone aim to revitalize the Mobile Naval Yard into a state-of-the-art digital facility, designed to meet the demands of today's mission critical objectives,' said Steve Walters, president, Americas, at ServiceNow. 'By digitally transforming some of our country's most vital manufacturing infrastructure, we're not just driving operational efficiencies through boosted productivity, we're setting a new standard of innovation for building and maintaining naval vessels.' 'The complexity of Opportunity Zones demands AI-enabled tools to support fund structuring, compliance, and investment deployment,' said Al Puchala, CEO of CapZone. 'CapZone is proud to partner with ServiceNow to scale our integrated OZ solution and deliver long-term American capital to rebuild the U.S. Defense Industrial Base. Our public-private model launching in Mobile is just the beginning.' In 2024, CapZone launched the United Submarine Alliance (USA) Fund, a private equity Opportunity Zone fund established in partnership with the U.S. Navy. CapZone plans to introduce 'Anything-As-A-Service' in Mobile with technology-supported capabilities using software, hardware, and equipment, data, and human capital to provide consumption-based solutions. This effort is part of CapZone's broader mission to strengthen America's industrial and military readiness through place-based investment in the Defense Industrial Base (DIB). As part of the Industry 4.0 solution, the companies are also using the ServiceNow AI Platform to deliver regulatory compliance and reporting functions for Opportunity Zone funds and national security infrastructure investments nationwide. About ServiceNow ServiceNow (NYSE: NOW) is putting AI to work for people. We move with the pace of innovation to help customers transform organizations across every industry while upholding a trustworthy, human centered approach to deploying our products and services at scale. Our AI platform for business transformation connects people, processes, data, and devices to increase productivity and maximize business outcomes. For more information, visit: About CapZone Impact Investments LLC CapZone Impact Investments LLC (CZII) is a leading national Opportunity Zone investment firm focused on making and managing equity investments that drive social impact at scale. With the Opportunity Zone program now made permanent through recent legislation, CapZone is well-positioned to deploy long-term private capital into critical national priorities. Its investment strategies align with U.S. objectives in infrastructure modernization, workforce development, and defense readiness — uniquely leveraging OZ 2.0 incentives to drive lasting economic and strategic impact. For more information, visit:
Axios
15-07-2025
- Business
- Axios
Cleveland launches search for lakefront developers
The city of Cleveland is officially seeking developers to transform up to 50 acres of its downtown lakefront into a year-round neighborhood — this time without the Cleveland Browns. Why it matters: This is the city's most ambitious lakefront redevelopment effort in decades. Mayor Justin Bibb sees it as an opportunity to undo past planning failures and finally connect the downtown core to Lake Erie. If successful, it would reorient downtown toward the water — a key component of Bibb's "Shore to Core to Shore" development framework — and create new housing, jobs, and cultural destinations in an area long occupied by surface lots and the Browns stadium. Driving the news: The city and its nonprofit development partner, the North Coast Waterfront Development Corporation (NCWDC), issued a formal request Tuesday to solicit interested developers. Developers have until Sept. 19 to submit. Zoom in: The city encourages a mix of uses on the waterfront site between West 3rd and East 9th streets, including retail, housing, entertainment, hotels, and public spaces. The request offers flexibility to repurpose or replace the existing stadium, which the city expects to be demolished in 2029 if the Browns move to Brook Park. Bibb told reporters last week that he hopes the Haslams will be "good corporate citizens" and contribute to demolition costs upon their exit. State of play: The city developed a lakefront master plan over three years of public engagement to identify core values for development, including racial equity, economic opportunity and climate resilience. Between the lines: That work was spearheaded by the landscape architecture firm Field Operations. The current request is for developers to execute on the vision. By the numbers: The city has already secured $150 million in federal and state grants to construct a pedestrian land bridge connecting downtown to the project site. Construction is scheduled to begin in 2027. The city is also offering an array of "incentive opportunities," including residential and commercial tax abatements, TIFs, the Opportunity Zone designation, job creation tax credits and proceeds from a New Community Authority to finance infrastructure and public amenities. The last word: Bibb wrote the 50-acre North Coast site "sits at the intersection of civic pride, economic opportunity, and global ambition" in an introductory letter to developers.
Yahoo
10-07-2025
- Business
- Yahoo
Leasing underway at 162-unit property near Montana State University
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. Property: Highmark Developers: Clarion Partners, Wentworth Property Co. Location: Bozeman, Montana Units: 162 Rents: $2,245-$3,895 Cost: Withheld New York City-based real estate investor Clarion Partners has made its first investment in the Bozeman, Montana, area with the development of 162 townhomes and apartments on an 8-acre Qualified Opportunity Zone site. Highmark, developed in partnership with Phoenix-based developer Wentworth Property Co., is located in the city's South University District neighborhood. The project started leasing in April and is expected to be completed by the end of 2025. Units at Highmark, spread between seven residential buildings, will range from one-bedroom apartments to three-bedroom townhomes. The apartments will offer 10-foot ceilings, quartz countertops, stainless steel appliances, and in-unit laundry, while the townhomes will have individual yards and balconies. Amenities will include a clubroom, fitness center, package room, an outdoor gathering area, a hot tub, a dog park, a pet spa and more than 300 parking spaces. The South University District is a cluster of residential and commercial properties located around the Montana State University campus. The property is located within half a mile of MSU and 2 miles of downtown Bozeman. In addition to the university, local employers include Bozeman Health and database software company Oracle. 'Bozeman offers an unparalleled outdoor lifestyle as well as proximity to a growing employment base in education and technology,' Jason Glasser, managing director of Clarion Partners, said in the release. 'The development of Highmark will add a variety of new housing options in a popular area where home prices have become increasingly unaffordable.' The Opportunity Zone program is an economic development tool created under the Tax Cuts and Jobs Act of 2017 that incentivizes people to invest in distressed areas in the U.S. Originally set to start expiring on Dec. 31, 2026, the budget bill recently signed into law has made the program permanent. Clarion currently has 170 properties in areas designated as Opportunity Zones, equivalent to nearly $8 billion in gross real estate value. It also has 734 properties, or $38 billion in value, in submarkets next to OZs. Recommended Reading Trilogy buys ZOM development during construction for nearly $86M Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Journals
30-06-2025
- Business
- Business Journals
How the Senate tax plan would revamp Opportunity Zones
The Senate's tax bill proposes major changes to the Opportunity Zone program, but some experts warn of unintended consequences.
Associated Press
25-06-2025
- Business
- Associated Press
Lode Gold Engages Strategic Advisors to Advance Development of the Fremont Mine in Gold County- Mariposa, California
Toronto, Ontario--(Newsfile Corp. - June 24, 2025) - Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) ('Lode Gold' or the 'Company') is pleased to announce that it has engaged experienced capital markets and strategic advisors to support the advancement of its Fremont Mine in Mariposa, California. These advisors will assist in securing strategic investors and partners as the Company moves into the next phase of development. As part of its current development strategy, Lode Gold is also engaging with mining contractors and progressing with engineering evaluations aimed at optimizing the mine plan and initiating permitting. The Company's evaluation is focused on three key priorities: 'Our objective is to take a disciplined and scalable approach to developing the Fremont Project,' said Wendy T. Chan, CEO and Director at Lode Gold. 'By securing the right strategic partnership, we will focus on various technical initiatives to optimize project economics, expedite permitting and get to production in near term. Being in a jurisdiction that is now increasingly aligned with domestic resource development, Fremont presents an interesting investment opportunity.' The Fremont Mine is an advanced-stage exploration and development asset, on 100% private and patented land. It is located in Mariposa, an Opportunity Zone designated to attract investments with tax incentives provided by Trump's Administration. The 2023 Preliminary Economic Assessment (PEA) outlined positive project economics at a gold price of USD $1,750, based on an annual production rate of approximately 130,000 ounces. More recently, an NI 43 -101 compliant mineral resource estimate ( MRE 2025 ) was completed with a new geological model that separately evaluated vein and stockwork mineralization. Only 8% of the total mineral resource, filed at SEDAR+ (April 2025) has been extracted, mostly in the first 250 m. At a 1 g/t cut-off, the average true width is 53 m (at 3 g/t cut-off, the width is 16.8 m). Upcoming Near Term 2025-2026 Catalysts: About Lode Gold Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States. In Canada, its assets in Yukon sit on the southern portion of the prolific Tombstone Belt. It covers 99.5 km 2 across a 27 km strike. Over 4,500 m have been drilled with confirmed gold endowment and economic drill intercepts over 50 m. There are four reduced-intrusive targets (RIRGS), in addition to sedimentary-hosted orogenic exploration gold. In New Brunswick, Lode Gold, through its subsidiary 1475039 B.C. Ltd. (soon to be spun out into Gold Orogen), has created one of the largest land packages with its Acadian Gold Joint Venture, consisting of an area that spans 445 km 2 with a 44 km strike. It has confirmed gold endowment with mineralized rhyolites. In preparation for the spin-out, NI 43 101 technical reports have been prepared for all assets in Yukon and New Brunswick in 2024. In the United States, the Company is focused on its advanced exploration and development asset, the Fremont Mine in Mariposa, California. According to the NI 43- 101 Compliant 2025 MRE, the asset contains 1.3 Moz at 4.4 g/t (3 g/t cut-off) with an average true width: 16.8 m. Fremont was previously mined at 10.7 g/t. During gold mining prohibition in WWII, its mining license was suspended. Only 8% of the resource identified in the 2025 MRE has been extracted. This asset has exploration upside and is open at depth (three step-out holes at 1,300 m hit structure and were mineralized) and on strike. This is a brownfield project with over 43,000 m drilled, 23 km of underground workings and 14 adits. The project has excellent infrastructure and is close to electricity, water, roads, railhead and port. Recently, the Company completed an internal scoping study, with a strategic pivot to 100% underground mining. Previously, in March 2023, the Company completed an NI 43-101 Preliminary Economic Assessment ('PEA') with an open pit and underground combination mine. The NI 43-101 technical reports are available on the Company's profile on SEDAR+ ( ) and the Company's website ( ). Qualified Person Statement The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology – UCT), FAusIMM, and who is a 'qualified person' as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ('NI 43-101"). ON BEHALF OF THE COMPANY Wendy T. Chan CEO & Director Information Contact: Winfield Ding CFO [email protected] +1-(604)-977-GOLD (4653) Jenna Mosher Investor Relations [email protected] +1 (604) -977-GOLD (4653) Cautionary Note Related to this News Release and Figures This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties. Cautionary Statement Regarding Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes 'forward-looking statements' and 'forward-looking information' within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the use of proceeds, advancement and completion of resource calculation, feasibility studies, and exploration plans and targets. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as 'anticipate', 'believe', 'plan', 'estimate', 'expect', 'potential', 'target', 'budget' and 'intend' and statements that an event or result 'may', 'will', 'should', 'could' or 'might' occur or be achieved and other similar expressions and includes the negatives thereof. Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: the status of community relations and the security situation on site; general business and economic conditions; the availability of additional exploration and mineral project financing; the supply and demand for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners; the timing and receipt of governmental permits and approvals; the timing and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the Company's interpretation of drill results; the geology, grade and continuity of the Company's mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; currency fluctuations; and impact of the COVID-19 view the source version of this press release, please visit
