By now, the majority of mutual fund portfolio managers and investor-class financial planners are aware of opportunity zone investing. It’s a relatively new investment vehicle created by the Tax Cuts and Jobs Act of 2017 and primarily designed to foster economic redevelopment in impoverished areas across approximately 8,700 U.S. census…
Matthew Iak is the executive vice president of U.S. Energy Development Corporation (USEDC) and a member of the company’s Board of Directors. Iak is also the president and CEO of Westmoreland Capital. He has extensive knowledge of private placement, Regulation D, and estate and tax planning strategies. He has pioneered the way for multiple new investment structures in the oil and gas space. Since 2005, Iak has overseen a capital raise of approximately $2.0 billion. He can be reached at miak@usedc.com.
Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.
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