Opportunity Zones

On June 10, 2019, the Isothermal Regional Commission and Isothermal Community College hosted a gathering of the region’s community and economic development leaders focused on Federal Opportunity Zones. Jeanne Milliken Bonds of Federal Reserve Bank of Richmond presented the information linked below:

Qualified Opportunity Zones: Innovation and Responsiveness

Opportunity Zone Investing: 2017 Tax Cuts & Jobs Act

Statement on Opportunity Zones from Chairman Jay Clayton, U.S. Securities and Exchange Commission

On September 10, 2019, Jeanne Milliken Bonds shared an in depth presentation during the region’s Economic Development Day, focused on Opportunity Zones, Qualified Opportunity Funds, and examples of regional projects. Click here to view the slides: Unlocking Opportunity?

Economic Prospectus Overview

Accelerator for America developed a guide for a locality to develop a prospectus. A prospectus helps to communicate the assets and opportunities in an Opportunity Zone. Click here to access the guide.

IPDC staff developed a framework for use by its membership. Click here to view the IPDC framework.

Click here to view a draft prospectus outline for our membership to use as a starting point in developing a community prospectus.

Web Resources’

The White House Opportunity and Revitalization Council Opportunity Zones web page can be found here.

A listing of Opportunity Zone funds can be found here.

The IRS created a Page for the Opportunity Zones. Click here to find out more about the regulations and other guidance issues from the IRS.

Click here to fund funds created under the Opportunity Act is with the National Council of State Housing Agencies (NCSHA), a nonprofit, nonpartisan organization created by the nation’s state Housing Finance Agencies (HFAs). 

The Local Initiatives Support Corporation (LISC) Releases Opportunity Zones Community Playbook

The Local Initiatives Support Corporation (LISC) has partnered with the Council for Development Finance Agencies (CDFA) and the Ford Foundation to develop a playbook for community partners on Opportunity Zones. This playbook is the first in a series in which LISC aims to lay out potential trajectories and best practices for the range of Opportunity Zones actors. The new playbook is available here

Workforce in the Opportunity Zones

Pay for Success: How Emerging Finance Tools Are Supporting Workforce Development

Community Development in the Opportunity Zones

The Bottom Line: Now’s the Opportunity for Cities to Work on Their Zone Defense

Regional Economic Data By County

Cleveland County

Economy Overview

Largest Employers

McDowell County

Economy Overview

Largest Employers

OZ Investment Prospectus Overview

Polk County

Economy Overview

Largest Employers

OZ Investment Prospectus Overview

Rutherford County

Economy Overview

Largest Employers

OZ Investment Prospectus Overview

Isothermal Regional Economic Development Strategy

Click here to learn about the Isothermal Regional Economic Development Strategy and the region’s Target Industry Clusters.

Membership Capacity Building & Technical Assistance

Click here for more information about how the Isothermal Regional Commission assists the local governments in the Isothermal Region.