A new Carson City-based qualified opportunity zone fund known as “Growth Resources, Assets, Safety, & Stability” (GRASS) announced this month its Reg A+ funding round is open after recently receiving federal approval.
According to a June 15 press release, the fund invests in two areas: blockchain-based SaaS (software-as-a-service) for regulatory compliance, and aviation innovations in government and the private sector.
“While most Opportunity Zone and other tax-deferred investments are reserved for the very wealthy, GRASS is open to investors of all income and experience levels and is the first-to-market RegA+ opportunity zone fund,” according to the release.
GRASS is both a Qualified Opportunity Zone Fund (QOZF) and an IRS-designated Qualified Small Business Stock (QSBS).The minimum investment is $1,000.
The fund’s SaaS investment is in Sierra Software Systems, which designs and customizes blockchain-based software.
Aviation investments focus on innovators in government and the private sector who are replicating and scaling aviation businesses in current and additional Opportunity Zones, including SAMSARG, Inc. and GA Hangars.
According to the press release, SAMSARG secures high-tech hangar facilities that require focused specifications to service transport and cargo aircraft, including security system installation, additional maintenance and complex compliance documentation.
GA Hangers, meanwhile, offers new construction of advanced aircraft hangars adjacent to SAMSARG military (Department of Defense compliant) facilities within the Opportunity Zone.
Don Harmer, president and CEO of Corporate Services of Nevada, serves as president and CEO of GRASS.
Go to qozfusa.com to learn more about the fund and to invest.