New Airfield could become Nevada Drone Center & Hub with Latest Aviation and Hangar Technology
CARSON CITY, Nev. — (BUSINESS WIRE) — June 29, 2021 — Growth Resources, Assets, Safety, & Stability (“GRASS™”)—a qualified opportunity zone fund focused on applying cutting-edge technology to complex compliance processes, is pleased to announce the acquisition of Tiger Field airport in Lyon County, Nevada. The acquisition adds to GRASS™’s investments in aviation technology and aircraft hangar development. Tiger Field was a public use airport owned by the U.S. Bureau of Land Management and located three miles south of the central business district of Fernley, Nevada. GRASS™ intends to develop the airfield by improving the existing airport, creating state-of-the-art aircraft hangars and develop one of the first drone centers in Lyon County Nevada.
Other aviation investments in the fund 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 General Aviation (GA) Hangars.
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. Private aviation was on the rise before COVID-19 and is expected to continue.
GA Hangers offers new construction of advanced aircraft hangars adjacent to SAMSARG military (Department of Defense compliant) facilities within the Opportunity Zone. New constructions are designed to attract, corporate and wealthy clients. GA Hangars offers new construction to serve TRIC corporations’ travel needs while offering a short trip between Nevada’s TRIC and Silver Springs Regional Airport (as opposed to Reno International). GA Hangars also provides tailored service, maintenance, and other high-margin services.
GRASS launched their Reg A+ funding round earlier this month on June 15, 2021. 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.
GRASS™ offers major tax benefits to investors because it is both a Qualified Opportunity Zone Fund (“QOZF”) as well as an IRS designated Qualified Small Business Stock (“QSBS”). The minimum investment is $1,000. GRASS™ invests in two areas: blockchain-based SaaS for regulatory compliance, and aviation innovations in government and the private sector.
Investor considerations for GRASS™
- GRASS™ is a diversified high-growth opportunity zone fund focused on aviation and compliance-SaaS.
- A Qualified Small Business Stock (QSBS)*: every investor that holds the fund for 5 years + 1 day can receive 10 times their cost basis + their original investment back TAX-FREE every year going forward, up to a maximum of $10 million in tax-free gains through IRC 1202.
- Opportunity Zone Fund Qualification allows the transfer, deferral, or elimination of capital gains taxes.
- No general or limited partners—just shareholders.
- No carried interest to pay fund managers at the expense of regular shareholders.
- Profits aren’t used to reward insiders—they are reinvested back into the business.
For more information about GRASS™ including how to invest, please visit https://www.qozfusa.com/why-grass/.
Securities are offered pursuant to Regulation A+ by C2M Securities, LLC, an SEC registered, FINRA member broker-dealer. Investors are encouraged to read the Offering Circular and exhibits and consult with their tax, legal, or financial professional prior to investing.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210629005611/en/
Contact:
For media inquiries:
Amiee Watts
Zito Partners
973-615-1683
amiee@zitopartners.com