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David Gross Continues to Honor Nipsey Hussle's Legacy with Launch of their Investment Initiative

Before the untimely death of rap legend and entrepreneur, Nipsey Hussle, he and longtime business partner, David Gross set out to launch their economic empowerment initiative, Our Opportunity . In efforts to keep Hussle’s legacy and vision alive, Gross is continuing to carry out the duo’s vision. In 2019, The LA Times reported Hussle’s vision for Our Opportunity was centered around fighting gentrification by using federal tax codes called opportunity zones to rebuild Black communities in his hometown of South L.A. and across the nation. Gross described opportunity zones to Complex , as “the biggest tax gift ever written into a new tax code.” He went on to explain when investing in opportunity zones located in inner city areas the investor is legally exempt from paying capital gains taxes on the real estate for two years. Gross launched the Investor Challenge to spread the word about Our Opportunity. The challenge’s step by step instruction encourages participants to open investment...

Jan 30, 2020

Minority-Owned Equity Firm Becomes Investment Partner in Major JFK International Airport Renovation Project

American Triple I Partners is now an investment partner in a recent redevelopment project being conducted at JFK International Airport. The effort — funded by Jet Blue and JFK Millennium Partners — is a multi-billion-dollar construction project to develop a new airport terminal in one of the busiest airports in the nation. American Triple I Partners, which is led by chairman and co-chief investment officer Henry Cisneros, will contribute a 30 percent-equity investment in the project. A minority-owned equity firm based in New York, American Triple I Partners, invests in infrastructure, providing capital, mitigating risk, as well as finding technological and financial solutions for its projects. The JFK International Airport venture reinforces Governor Andrew Cuomo’s vision of creating more opportunity for minority-owned businesses. “Our nation-leading utilization rate reflects the unmatched pool of MWBEs in the Empire State and our concerted efforts to create a more equal playing...

Jan 17, 2020