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In 2016, nfrastructure was acquired by Zones, creating a $1.5 billion global technology company. [13] [14] In 2019, Pickett was appointed president of Zones, LLC. [15] Pickett left Zones at the end of 2019 to focus full time on investments in social impact companies through Hudson River Capital Holdings, his private investment company. [2]
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An Opportunity Zone is a designation and investment program created by the Tax Cuts and Jobs Act of 2017 allowing for certain investments in lower income areas to have tax advantages. The purpose of this program is to put capital to work that would otherwise be locked up due to the asset holder's unwillingness to trigger a capital gains tax .
1937 poster celebrating the United States' first foreign trade zone, Staten Island In the United States, a foreign-trade zone (FTZ) is a geographical area, in (or adjacent to) a United States Port of Entry, where commercial merchandise, both domestic and foreign, receives the same Customs treatment it would if it were outside the commerce of the United States.
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