City of Saint Paul launches Opportunity Zone website
SAINT PAUL, Minn. – Today, the City of Saint Paul launched its Opportunity Zones website (stpaul.gov/opportunityzones), a one-stop-shop for investors seeking development opportunities in Saint Paul. Each of Saint Paul’s seven Opportunity Zone focus areas has its own designated page outlining economic and demographic data, cultural assets, and area amenities. Additionally, an interactive map provides site-specific information such as acreage, zoning, project contacts, and local area plans.
“Opportunity Zones are an additional tool to help the City achieve our goals of economic inclusion and community wealth building,” said Dr. Bruce Corrie, Director of the Department of Planning and Economic Development. “Recent Opportunity Zone projects involving City land or funding have committed to a wide range of community benefits including offering new community spaces; equitable business and workforce inclusion goals; and, integrating artwork by neighborhood artists.”
The Opportunity Zones program was established by Congress in the Tax Cuts and Jobs Act of 2017. The program encourages long-term investments in specific low income and urban communities nationwide. Saint Paul’s Opportunity Zones are grouped into seven focus areas: City Center and Riverfront, including District Del Sol; Creative Enterprise Zone; Midway Soccer Stadium, including Little Africa; Green Line East, including Little Mekong and Rondo; North End Nexus; Phalen Corridor; and Gold Line East.
To learn more, visit stpaul.gov/opportunity-zones.