The ‘Comstock District’ (aka as the historically acclaimed Comstock Lode), the third largest historic national landmark spans over 16,000 acres and two Nevada counties, both Storey County and Lyon County, and produced more than 192 million ounces of silver since the 1850s! Then the most silver produced in the world since the Spanish discovered silver in Potosi dating back to 1545!
Storey County has quickly emerged as the next ‘tech capitol of the world’ with the largest Industrial center, huge, spanning opportunity zones and one of the most business-friendly atmospheres in the nation.
Comstock Mining Inc. is located in the same county and just 10 miles from Apple, Google, Blockchains, LLC., Tesla, Panasonic, Switch, and many more companies who have recently moved their companies here.
Nevada is the NUMBER ONE most attractive jurisdiction in the world for mining investment according to the Annual Survey of Mining Companies released by the Fraser Institute, an independent, non-partisan Canadian policy think-tank. Rich mineral reserves, competitive taxes, efficient permitting procedures and certainty around environmental regulations attract significant investment interest.
The Opportunity Zones incentive is a new community investment tool established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide.
Opportunity Zones provide a tax incentive for investors to re-invest their unrealized capital gains into dedicated Opportunity Funds.
Comstock has a passive investment in Sierra Springs Opportunity Fund Inc. and its 100% owned qualified opportunity zone business named Sierra Springs Enterprises Inc. Sierra Springs Enterprises, Inc. has formally agreed to acquire Comstock’s Silver Springs based non-mining assets and has also secured over a dozen independent, real estate and conservation economics based projects, including the development of the Silver Springs Regional Airport, a centrally located regional airport, the acquisition of certain exceptionally well located and adjacent lands and water rights, and the rights to a number of conservation-based, non-mining businesses. These businesses include a Tahoe-based, high pH spring water, an agricultural-ready manufacturing and processing facility and a business to manufacture and sell a totally compostable green bottle and cap, designed to displace single-use petroleum-based plastics.
Read more below about how the Opportunity Zones incentive works, as well as its history and community of supporters.
For more on the Opportunity Zone or to learn about investment options for an Opportunity zone area CLICK HERE