DRA Announces $181,931 Investment to Support Opportunity Zones in ArkansasDecember 18, 2019
DRA’s investment will support the development of a regional investment hub to promote Opportunity Zones in Arkansas.
CLARKSDALE, MS –Delta Regional Authority (DRA) announced today a $181,931 investment to support Opportunity Zones (OZ) in communities across Arkansas. Opportunity Arkansas, an initiative of the Arkansas Economic Development Commission and Winrock International, will use DRA funds to bring together critical education and outreach to assist the region in developing projects that create jobs and revitalize the state of Arkansas. Opportunity Arkansas will serve as the Opportunity Zone Investment Hub, focusing on convening education and outreach activities, assisting Delta community leadership with project development, and promoting projects via an online portal to investors inside and outside the state of Arkansas.
“As a member of the White House Opportunity and Revitalization Council, I am pleased to support the Arkansas Economic Development Commission and Winrock International’s new initiative to support Opportunity Zones in Arkansas,” said DRA Federal Co-Chairman Chris Caldwell. “DRA’s investment will help the Delta region attract qualified fund managers and unlock private capital that will stimulate economic development and promote sustainable growth in underserved communities.”
"The Delta Regional Authority’s investment will be a boom for our smaller communities as they seek to capitalize on their Opportunity Zones,” said Arkansas Governor Asa Hutchinson. “Access to education and technical support will enlarge the pool of potential entrepreneurs and increase the chance to take full advantage of these opportunities."
Funding for this project was provided by the States’ Economic Development Assistance Program, DRA’s flagship grant program that makes strategic investments into projects supporting basic public infrastructure, transportation improvements, workforce training and education, and business development with an emphasis on entrepreneurship.
About the Delta Regional Authority
Established in 2000 by Congress, the Delta Regional Authority makes strategic investments of federal appropriations into the physical and human infrastructure of Delta communities. Led by the Delta Regional Authority Board-comprised of the Federal Co-Chairman, appointed by the President and confirmed by the U.S. Senate, and the governors of the eight states-the Delta Regional Authority fosters local and regional partnerships that address economic and social challenges to ultimately strengthen the Delta economy and the quality of life for Delta residents. The Delta Regional Authority works to improve regional economic opportunity by helping to create jobs, build communities, and improve the lives of the 10 million people who reside in the 252 counties and parishes of the eight-state Delta region.
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