Engage Your Community
Opportunity Arkansas can help your community prepare to attract and receive Qualified Opportunity Fund investments.
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Entry Level
Phase 1
Opportunity Zone(s) exist within your community, and your community has not prepared or planned for Qualified Opportunity Funds to invest in projects within your Opportunity Zone(s).
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Project Ready
Phase 2
Your community has a plan and has identified project types the community desires in its Opportunity Zone(s).
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Investment Ready
Phase 3
Your community has a potential investment project in hand, and all that’s needed is a Qualified Opportunity Fund’s investment in the project.
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Entry Level
Our technical assistance may include:
- Prioritization of land and potential projects. We teach communities to think as developers.
- Evaluation of potential projects, including market conditions, demographics, population growth projections, etc.
- Preparing a potential project by considering environmental factors, land ownership, zoning, and permitting.
- Layering Incentives to increase a project’s likelihood success, which may include recommending public infrastructure construction funding, creation of business improvement districts, historic rehabilitation tax credits, New Market Tax Credits, Tax Increment Financing, and/or PILOT Agreements.
- Help Identify and Designate Local Point of Contact for Opportunity Zones information.
- Promoting the Community via a Community Prospectus to showcase area and potential projects.
Project Ready
Our technical assistance may include:
- Package Economic Incentives to encourage development of a project by enhancing the project’s potential return on investment.
- Develop a Community Prospectus to showcase the community’s Opportunity Zone(s) and the project types the community wants in its Opportunity Zone(s).
- Promote the Community to Qualified Opportunity Funds through the Community Prospectus or otherwise.
Investment Ready
Our technical assistance may include:
- Analysis of existing project(s) to confirm that the project(s) comply with the Opportunity Zone requirements.
- Identify additional economic incentives that may be available for the project(s).
- Assist your community to promote the project(s) to Qualified Opportunity Funds.
