Inside The Nationwide Jockeying For Opportunity Zones 2.0

Deep in Arizona's Yuma Desert, Gil Michel-Garcia has spent the past four years trying to develop one of the first U.S. cobalt processing facilities.

Michel-Garcia, a co-founder of EVelution Energy, has already lined up a major customer to buy $850M of the cobalt products the plant will produce, a critical mineral used in electric vehicle batteries, microchips and jet engines. The $450M project has commitments for $345M of debt financing, but EVelution wants to tap a renewed federal tax incentive to attract equity investors.

So Michel-Garcia and his partners put together a presentation to tout their project to local officials, hoping it would be included in the latest round of nominations for the federal opportunity zone program...

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RSK: O.Z. 2.0 still has appeal. This article outlines someof its benefits even though it had a slow astart and the clock keepn ticking on benefits.