A TALENT FOR GROWTH
The 2017 tax reform law added section 1400Z, which allows for the deferral and partial exclusion of gains from the sale or exchange of any asset that is reinvested in a qualified opportunity fund (QOF) that invests in property or businesses located in designated qualified opportunity zones (QOZ). QOZs generally are low-income areas across the United States (including the District of Columbia) and U.S. territories. In addition, any further gains generated through an investment in a QOF may be permanently excluded from income if held for at least 10 years.
Discover Our Connected Companies
Minnesota is home to one of the most vibrant entrepreneurial ecosystems in the world. In addition to Fortune 500 innovation leaders such as 3M, Medtronic, Ecolab, Best Buy and Cargill, the state has dozens of incubators, venture funds, family offices, and strategic investors that foster new ideas and provide the capital and talent required for success. The UBX portfolio focuses on the best of what the region has to offer and seeks to take over-looked opportunities and provide them the support and capital needed to succeed within the broader Minnesota and national start up ecosystem.
Explore Company Benefits
In addition to its advisory and assistance role, UBX is a multi-stage investor that focuses principally on bridge financing in the form of preferred equity that are intended to protect investment downside, while offering the capital gains returns that are envisioned by the 2017 tax reform law. We look to underwrite business plans that have an identifiable path to independent operation without additional equity financing or a path to clear milestones that are likely to attract any additional financing needed. We introduce our connected companies to other active investors in order to share the risk and broaden the pool of available support for the companies going forward.