O-Zone Reinvestment Advisors (OZRA) is a consulting firm that was formed by Gary Hobbs and Paul Jones to assist municipalities, communities, neighborhoods, economic development commissions, developers and investors and the professionals who serve these clients in understanding and benefiting from the recently enacted Opportunity Zone program. OZRA is committed to the intent of this program and to educating others about how it might be used to improve qualified communities located in Indiana, the Midwest, and throughout the U.S. Both Gary and Paul have experience working throughout the Midwest and the U.S. on a variety of projects that set them apart from other consultants.
Gary Hobbs is a business-technology executive with extensive experience in manufacturing, real estate, and healthcare industries. He started his career as an electrical design engineer and has successfully migrated through the corporate ranks of companies like AT&T, Eli Lilly, and Roche Diagnostics. As an engineer, project manager, business executive, developer, and entrepreneur he has led organizations up to four hundred people and budgets spanning $1M to $100M. He is a Principal and Senior Consultant with OZRA.
When the New Markets Tax Credit (NMTC) program was enacted in the early 2000s, Paul Jones served as lead counsel on some of Indiana’s first NMTC transactions. In 2015, founded Paul Jones Law, LLC, which is a law firm that represents developers and owners of commercial real estate located across the country in real estate tax, tax incentive and exemption matters. He is a Principal and Senior Consultant with OZRA.