BIRMINGHAM’S 24 OPPORTUNITY ZONES
The City of Birmingham worked with the private sector, major academic institutions, community leaders and small business owners to co-create a model to prioritize census tracts based on their ability to absorb capital. Birmingham secured 24 Opportunity Zones covering 77 of our 99 neighborhoods.
Learn more about Birmingham and the wide array of investment opportunities:
BIRMINGHAM INCLUSIVE GROWTH (BIG) PARTNERSHIP:
PRIVATELY-LED, CITY-INSPIRED AND COMMUNITY FOCUSED
The BIG Partnership incorporates the voice of Birmingham's neighborhoods, capitalizes on the expertise of national investors and leverages the City of Birmingham’s resources to drive inclusive growth. The initiative is focused on identifying and funding transformational projects that enhance our residents’ quality of life.
The linchpin of the partnership is the Investment Board (IB) and the Public Benefit Organization (PBO) and its goal is to facilitate sponsorship of transformational Opportunity Zone projects.
The PBC is privately managed and autonomous.
Projects that provide good and services to our residents and foster an equitable community, through job creation, financial inclusion and innovation will be prioritized.
The BIG’s Investment Board (IB) will work closely with the City and Birmingham and its residents to identify and market transformative Opportunity Zone projects.
The IB encompasses a diverse range of experiences, resources and expertise. These men and women have world-class experience in community development, small business growth and investing. They are also deeply invested in Birmingham’s growth and renewal.
The City of Birmingham is a critical partner for three main reasons:
(1) The City is the ideal convener to drive alignment across the private, civic, academic and public sectors
(2) The City has the broadest purview of what is occurring in real estate investments and needs of the community
(3) The City has a unique constellation of resources (i.e. one of the largest landowners, working with the White House Opportunity and Revitalization Council, directs important vehicles for development including zoning and permitting and incentives)
The Community Investment Board (CIB) was formed to engage and empower our community.
The CIB is comprised of 10 district leaders. The board will source Opportunity Zone projects that enhance the standard of living of our residents and foster an inclusion economy through a rigorous community engagement campaign that will educate 500 residents on Opportunity Zones by June 1, 2020.