THE BUSINESS JOURNAL: LAND OF OPPORTUNITY ZONES: FRESNO, OTHER COMMUNITIES PRIMED FOR CAPITAL INVESTMENT

Press Coverage: 2, May 2019
Fresno

Photo: Bobak Ha'Eri [CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)]

Being among the top counties in California for the number of Opportunity Zones is both bad and good, said former Fresno Mayor Ashley Swearengin, now the CEO of the Central Valley Community Foundation (CVCF).

Bad: The number of qualified census tracts directly correlates with the desperate need for development. Good: The potential those designations bring...

In early 2018, focus groups were already being organized among bankers, developers and others to discover the prime areas for Opportunity Zone designation. The city formed a prospectus outlining investment opportunities and statistics with help from organizations like Accelerator for America out of Los Angeles.

Full article: https://thebusinessjournal.com/land-of-opportunity-zones-fresno-other-communities-primed-for-capital-investment/