That sounds like it would count. Selling products nationwide is OK, provided the business is physically located in an OZ and meets the statutory requirements.
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Would a manufacturer in an OZ who sells its products nationwide count as a QOZB?
Since a QOF must hold 90% of its assets in QOZP and 50% of the gross income must be derived from inside the OZ, would a manufacturer in an OZ who sells its products nationwide count? What if the QOZB gets much of its income from selling its products online?
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The tests for a Qualified Opportunity Zone Business (QOZB) require the business to have 70% of its tangible assets in an Opportunity Zone and must derive more than 50% of its income from activities within an Opportunity Zone. For a manufacturing business, the location of its customers would not likely disqualify the business from being a QOZB, provided it met the specific tests for assets and income generation. In most cases, a manufacturing operation located within an Opportunity Zone should qualify as a QOZB although other facts and circumstances matter.
Yes, the manufacturer should qualify, as long as the goods are produced within and sold from within the OZ.
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