Last week, the Delta Regional Authority (DRA) announced a $127,877 investment to support Opportunity Zones (OZ) in rural communities across the Alabama Black Belt. Opportunity Alabama will lead the initiative in collaboration with public and private partners. This investment will allow us to host regional strategy development events, create eligible project pipelines, design community fact sheets, and develop four regional investment prospectuses to help promote the Black Belt’s designated OZ areas to qualified funds.
“There is nothing more important to me than increasing opportunity across Alabama’s 7th District,” Congresswoman Terri Sewell said in the Alabama Political Reporter. “I am thrilled that Opportunity Alabama has been granted the funding necessary to support investment where it is needed most and ensure that investors are able to take full advantage of these opportunity zones.”
We see tremendous potential across the Black Belt, and we are thrilled that we will have the resources necessary to bring more projects to market. Thanks to this SEDAP grant from the Delta Regional Authority, Opportunity Alabama will be able to extend the Opportunity Zones ecosystem we are building to some of the most distressed parts of our state.
Governor Ivey said, “I am proud that the Delta Regional Authority recognizes the importance of growing rural Alabama, and that is evident through this important grant.” We are grateful for our various partners, such as Governor Ivey, Congresswoman Sewell, ADECA Director Kenneth Boswell, and the DRA. As Governor Ivey said, “We are only truly successful when we are successful together.”