The tax benefits of investing in qualified opportunity zones

By Mike Switzer

Published April 23, 2024 at 6:30 AM EDT

Several years ago, tax law was passed that created opportunity zones across the US in an effort to attract investment into economically depressed areas. Opportunity zone funds were created to bring the tax benefits and profit potential to the average investor. Are they still attracting those investors? Mike Switzer interviews Roy Janse, a certified financial planner with Mariner Wealth Advisors in Greenville, SC.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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