Insights: Webinar Bioeconomy Development Opportunity Zones: A supercharged potential for bioeconomy development, related employment and economic recovery.

DigestConnect

Thursday, May 21, 2020

As we rally the bioeconomy and each other, from your desktop or home office, a group of industry thought-leaders will propose and discuss Bioeconomy Development Opportunity Zones in this online and interactive webinar.

• The US has over a billion tons of biomass which can be used as a key lever to drive economic recovery.

• USDA estimates that 3.4 million jobs and nearly $660 billion of economic benefits would be created by using biomass to manufacture alternative fuels, renewable chemicals, bio-based products and sustainable aviation fuels.

• BD Zones and BDO Zones are shovel-ready, actionable initiatives that unlock billions of dollars of institutional investment into communities where there is a surplus of biomass and where employment and bioeconomy development can be closely linked.

• BD Zones are areas where biomass feedstock readiness can be certified as "high availability and low risk". There are thousands of these areas around the country. State economic development organizations are already set up to leverage BD Zones to de-risk project development and drive investment.

• BDO Zones are BD Zones that overlap with existing federal Opportunity Zones and can therefore qualify for powerful OZ tax incentives. BDO Zones have supercharged potential for bioeconomy development and related employment.

• A relatively minor clarification to OZone Guidance would unlock billions of development dollars for bioeconomy manufacturing facilities in BDO Zones.

And what is the potential for this structure elsewhere in the Americas, Asia, Australia Africa, and the EU? What is the opportunity for states and provinces? You'll be joined by experts in finance and program development:

Jordan Solomon, CEO, EcoStrat
Max Vernier, VP Bioenergy Finance, Live Oak Bank
Scott Chabina, Director, Marathon Capital
Kate Lewis, Program Co-Manager, USDA BioPreferred
Mark Riedy, Partner, Kilpatrick Townsend


Event Details

Thursday, May 21, 2020



12:00 p.m. - 1:00 p.m.

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