Minnesota is making Opportunity Zones work for their communities
6 Nov 2019
Economic Development News, Opportunity Zones, Blog, News
Minnesota is making Opportunity Zones work for their communities!
DULUTH, Minn., Sept. 17, 2019 /PRNewswire-PRWeb/ -- The Minnesota Opportunity Collaborative, which launched in spring 2019, continues to expand its efforts to inspire investment in opportunity zone projects across Minnesota. MNOppCo is committed to bottom-up collaboration to put the opportunity zone incentive to work for communities that have historically suffered from a lack of investment. MNOppCo's grassroots effort is unique among statewide opportunity zone programs and has helped ensure that it directly serves the communities that can most benefit from the legislation.
MNOppCo has its roots in the efforts of The Northspan Group, Inc. and Community Exchange, two nonprofits devoted to local community development. Northspan, a Duluth-based consulting firm, assisted numerous entities with their submission of qualifying census tracts for certification and spearheaded MNOppCo's project directory concept via a Duluth LISC pilot project. Along with MN-OZA, a Minnesota-based opportunity fund, Community Exchange staff developed the curriculum used at several of LISC's earliest trainings in the state. Later, Northspan and Community Exchange joined forces to launch MNOppCo at a statewide level.