The BWS Districts Plan is to help Black Americans realize their full economic and social potential by aggregating together and taking advantage of the Tax Cuts and Jobs Act of 2017, which is also known as Opportunity Zones. The idea originated from three Black American men is their efforts to find a solution to help distressed communities. The concept of Opportunity Zones was first introduced by Herman Cain in his campaign to help Detroit, which he referred to as the “9-9-9” Plan. The idea was later revised by Republican Senator Tim Scott and Democratic Senator Cory Booker, which is an unknown fact, that they used Cain’s framework to underwrite what is now known as the Qualified Opportunity Zones (QOZ) legislation into law. This legislation helps all communities and all races across American, but due to the structure of this incentive, gives Black Americans the greatest chance to change the history of redlining from which started as early 1920’s until 1968.
Known in the marketplace as Opportunity Zones, the Tax Cuts and Jobs Act of 2017 provides a new incentive centered around the deferral of capital gains taxes-to spur private investments in low-income areas designated as QOZ. Given the significant interest among investors, it is possible that this new tax incentive could attract tens of billions of dollars in private capital, making this one of the largest economic development initiatives in U.S. history.
Similar to a Chinatown, Greek Town, Little Italy, Little India, and SOHO, the BWS Districts will be districts of businesses owned by Black Americans that can equally compete and contribute to the economy and their communities. To help foster this new development over the next 50 years (2070), BWS Districts plan will focus on six (6) key pillars of action to help Black Americans take part in the development of Opportunity Zones and spur new growth in entrepreneurship, education, technology, manufacturing, hospitality, skilled training, jobs, housing, community redevelopment, etc . . .
Making Connections Within the Community: To bring black owned businesses, land owners, developers, entertainers, sports professionals, and community leaders together to create groups that can develop Investment Prospectus which duplicates the BWS (Black Wall Street) concept in Opportunity Zones, called the BWS Districts (i.e. Detroit BWS District, Boston BWS District, Los Angeles BWS District). The focus will be on the 150 cities which were once redline communities between the 1920's - 1968.
Economic Impact: Work closely with public institutions of higher learning and cluster together talents from HBCU's, and connect the economic impact of black family assets that are located in or near Qualified Opportunity Zones (QOZ).
Innovation Zones: Developing next generation technology that we create and own to compete in the global economy and contribute to future of technological advancements.
Align Capital Stacks: Align all possible capital stacks investments and decisions with the distinctive competitive assets and advantages of different QOZ, with a compete-to-win mind set.
Locate the Highly Skilled: Connect local black residents with highly skilled black business owners to develop high growth entrepreneurs and high growth talent pool.
Production and Preservation of Affordable Housing: Create the production and preservation of affordable/workforce housing plans to increase the road to homeownership to 64% for Black America Families.
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