HOUSE_OVERSIGHT_016415.jpg
Extraction Summary
3
People
6
Organizations
7
Locations
2
Events
2
Relationships
2
Quotes
Document Information
Type:
News article / media clipping (bloomberg)
File Size:
Summary
This document appears to be a page from a Bloomberg news article discussing 'Opportunity Zones' (tax incentive areas). It contrasts investment potential in the Bronx versus Brooklyn and Queens, mentions Amazon's move to Long Island City, and profiles Alex Flachsbart's efforts to drive investment in Alabama via his organization 'Opportunity Alabama'. While part of a House Oversight production, this specific page contains no direct mentions of Jeffrey Epstein.
People (3)
| Name | Role | Context |
|---|---|---|
| David 'Dee' Delgado | Photographer |
Credited for the photo of The Bronx Tavern and Port Morris Distillery.
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| Terri Adler | Managing Partner |
Partner at law firm Duval & Stachenfeld LLP; quoted discussing investment upside.
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| Alex Flachsbart | Lawyer / Founder |
Founder of Opportunity Alabama; specializes in economic development grants and tax breaks.
|
Organizations (6)
| Name | Type | Context |
|---|---|---|
| Bloomberg |
Source of the photograph.
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| The Bronx Tavern |
Featured in the photograph.
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| Port Morris Distillery |
Featured in the photograph.
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| Duval & Stachenfeld LLP |
Firm where Terri Adler is managing partner.
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| Amazon.com Inc. |
Mentioned regarding its selection of Long Island City for headquarters.
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| Opportunity Alabama |
Founded by Alex Flachsbart to connect capital to projects.
|
Timeline (2 events)
December (Year implied 2018)
November (Year implied 2018)
Amazon.com Inc. selected Long Island City for its next headquarters.
Long Island City
Locations (7)
| Location | Context |
|---|---|
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New York borough facing competition for investment.
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Used as a comparison for investment potential.
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New York borough mentioned as a competitor to the Bronx.
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New York borough mentioned as a competitor to the Bronx.
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Long Island City
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Selected by Amazon for headquarters.
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Region where Alex Flachsbart operates.
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Place where Alex Flachsbart grew up.
|
Relationships (2)
managing partner of law firm Duval & Stachenfeld LLP
quit his job last year to start Opportunity Alabama
Key Quotes (2)
Full Extracted Text
Complete text extracted from the document (1,527 characters)
The Bronx Tavern and Port Morris Distillery.
Photographer: David ‘Dee’ Delgado/Bloomberg
“Huge, huge upside that you’re not going to get if you build a strip mall in Topeka,” said Terri Adler, managing partner of law firm Duval & Stachenfeld LLP, who also spoke at the event.
Yet the Bronx faces a formidable problem: It’s competing with other zones across the city, including waterfronts in Brooklyn and Queens with stronger momentum. The tax break Bronx officials hope will rejuvenate their borough may instead lure more money to what looks like a safer bet across the river.
In November, Amazon.com Inc. selected Long Island City for its next headquarters. Portions of that Queens neighborhood, including a former plastics factory the retailer plans to occupy, are inside opportunity zones, even though they’re among the city’s fastest-growing areas. In 2017, more apartments were built there than in any other neighborhood in the city.
Driving Alabama
Alex Flachsbart, 30, has a lot of time to talk when he’s in his SUV crisscrossing Alabama. A lawyer who specialized in economic development grants and tax breaks, he quit his job last year to start Opportunity Alabama, aiming to connect capital to worthy projects. For the past several months, he’s been educating people about opportunity zones, speaking to local officials, businesses and investors.
“I have done the OZ PowerPoint God knows how many times,” Flachsbart, who grew up in the Bay Area, said from behind the wheel one day in December.
Photographer: David ‘Dee’ Delgado/Bloomberg
“Huge, huge upside that you’re not going to get if you build a strip mall in Topeka,” said Terri Adler, managing partner of law firm Duval & Stachenfeld LLP, who also spoke at the event.
Yet the Bronx faces a formidable problem: It’s competing with other zones across the city, including waterfronts in Brooklyn and Queens with stronger momentum. The tax break Bronx officials hope will rejuvenate their borough may instead lure more money to what looks like a safer bet across the river.
In November, Amazon.com Inc. selected Long Island City for its next headquarters. Portions of that Queens neighborhood, including a former plastics factory the retailer plans to occupy, are inside opportunity zones, even though they’re among the city’s fastest-growing areas. In 2017, more apartments were built there than in any other neighborhood in the city.
Driving Alabama
Alex Flachsbart, 30, has a lot of time to talk when he’s in his SUV crisscrossing Alabama. A lawyer who specialized in economic development grants and tax breaks, he quit his job last year to start Opportunity Alabama, aiming to connect capital to worthy projects. For the past several months, he’s been educating people about opportunity zones, speaking to local officials, businesses and investors.
“I have done the OZ PowerPoint God knows how many times,” Flachsbart, who grew up in the Bay Area, said from behind the wheel one day in December.
HOUSE_OVERSIGHT_016415
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