The four cities represent 97 Opportunity Zones with more than 362,400 residents. Each will receive $920,000 in grants and supportive services, including a $400,000 grant to establish and fund a Chief Opportunity Zone Officer embedded in each city’s economic development authority. They join Newark and Atlanta, recently announced as the first cities in the initiative, totaling commitments to more than $5.5 million supporting inclusive growth for more than 491,762 people.
“Opportunity Zones have the potential to transform communities and deliver real economic benefits to millions of families living in distressed neighborhoods across the country,” said Dr. Rajiv J Shah President of The Rockefeller Foundation. “But that will only happen if organizations like ours make the right investments, bring together the right partners, and put community members — the people we seek to serve — at the center of the work. Our initiative will champion residents’ interests by providing cities with the resources to shape investments so they create good-paying jobs, promote more affordable housing, and provide greater economic opportunity.”Funding will also support two AmeriCorps VISTA (Volunteers In Service To America) members who will facilitate community involvement in reviewing proposals for Opportunity Zone projects and businesses, and technical assistance to help develop project pipelines that connect the interests of investors with those of existing community members.