Regarding the recent letter to the editor about the startup company Lora DiCarlo:
Lora DiCarlo’s investors formed an Opportunity Zone fund under the 2017 tax act. The purpose of Opportunity Zones is to encourage economic development in disadvantaged locations. Most of downtown Corvallis is a designated Opportunity Zone. Lora DiCarlo has created six highly paid engineering jobs in Corvallis. Lora DiCarlo receives no tax credits from any government organization. However, per the 2017 tax law, individual investors in an Opportunity Zone fund may receive deferment of taxes on capital gains for the purpose of encouraging private investment in Lora DiCarlo.
Portland (Jan. 10)