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The federal government has approved Opportunity Zones to attract investment in 141 places in Alabama, including several in the Black Belt.
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A developer is planning to turn the old Bessemer City Hall into a mixed-use development with 40 apartments.
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The former Bessemer City Hall space has long been the target of a renovation project downtown, and it could become a reality by 2023.
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It’s been said that the three most important things in real estate are location, location, location.
Calvin Harris, BJ Harris, Sam Harris III, Christin Harris and Jensen Harris visited downtown Selma Saturday morning where the property they bo…
It was an Opportunity Zone that drew Sam Harris III to Selma, but the Tampa developer says his ultimate goal is to create an Innovation Zone.
Alex Flachsbart, founder and CEO of Opportunity Alabama, says the organization has closed 10 development deals bringing $100 million in invest…
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 theâ¯best OZ organization in the U.S. for rural communities. Forbes, in partnership with theâ¯Sorenson Impact Center, examined more than 100 OZ organizations around the country, judging them on […]
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A new economic development “carrot” is being dangled over investors that could lead to major redevelopment of downtown Selma. It’s called the Opportunity Zone, and within its borders, investors receive federal tax incentives on funds invested – and capital gains realized – from improvements made in the zone. The new zone has already attracted one […]