Newark, NJ

➤➤Join the GlobeSt.com ADAPT: Opportunity Zonesconference September 16-17 in Baltimore, MD The new nationalconference series is aimed at identifying Opportunity Zones acrossall property types and geographic regions. This first-of-its-kindevent will educate, connect and celebrate the investors, developersand owners with the people behind the planning and decision-making,such as architects, consultants, academics and, most importantly,municipal officials. Also, be sure to take a look at our currentadaptive reuse and opportunity zone nomination form and submit yourproject! Deadline is fast approaching June 7th.Clickhere to register and view theagenda.

NEWARK, NJ—The Rockefeller Foundation has announced a $5.5million initiative to help US cities attract private investment intheir Opportunity Zones. This effort targets the more than 30million low-income Americans living in Opportunity Zones.

“Opportunity Zones have the potential to unlock billions ofdollars in innovative job creation and community infrastructureprivate investment in cities, lifting up Americans who most needthis support and preventing their displacement by irresponsibledevelopment,” said Rajiv J. Shah, president of The RockefellerFoundation. “Philanthropy has an important role to play in ensuringOpportunity Zones improve the lives of the residents in distressedcommunities.”

The initiative will provide six cities with financial and humanresources support for two years. This support includes funding forand designation of a Chief Opportunity Zone Officer, who will beembedded in city government or a city economic development agency.It also includes funding for two community engagement specialiststo facilitate community engagement and involvement in the proposedOpportunity Zone projects and businesses. In addition, each citywill also receive two years of support from a national OpportunityZone Technical Assistance team to compile and leverage local,state, and federal incentives, and help structure and supportdeals.