Opportunity Alabama wins national award and grant

Alex Flachsbart, founder and CEO of Opportunity Alabama, says the organization has closed 10 development deals bringing $100 million in investment to Alabama and has 35 more in the pipeline. Photo by Dennis Washington/Alabama NewsCenter

By Dennis Washington/Alabama News Center 

Opportunity Alabama, the nation’s first nonprofit organization to create a marketplace for Opportunity Zone (OZ) investment in a state, has been named the best OZ organization in the U.S. for rural communities. 

Forbes, in partnership with the Sorenson Impact Center, examined more than 100 OZ organizations around the country, judging them on the Opportunity Zone Reporting Framework, which prioritizes community benefit and engagement, transparency and impact.

Forbes awarded Opportunity Alabama the grand prize Feb. 5, saying the organization is the best in its category of connecting OZ communities, investors and entrepreneurs, plus larger institutions like banks, universities and development organizations. 

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