DRA Announces $99,777 Investment to Support Opportunity Zones in Southern IllinoisAugust 26, 2019
DRA’s investment will support the development of a regional investment prospectus to promote Opportunity Zones in southern Illinois
CLARKSDALE, MS – Today, the Delta Regional Authority (DRA) announced a $99,777 investment to support Opportunity Zones (OZ) in rural communities across southern Illinois. Greater Egypt Regional Planning and Development Commission will use DRA funds to develop an OZ investment prospectus for a 16-county region. The prospectus will include demographic and economic indicator data, strategic advantages and assets, and investable opportunities in the designated OZ areas. Other partners in the effort include Greater Wabash Regional Planning Commission, Southeastern Illinois Regional Planning and Development Commission, Southwestern Illinois Metropolitan and Regional Planning Commission, and Southern Five Regional Planning District and Development Commission.
“As a member of the White House Opportunity and Revitalization Council, I am pleased to support Greater Egypt Regional Planning and Development Commission’s new initiative to support Opportunity Zones in southern Illinois,” 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.”
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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