OZ Challenge Winners Announced
Tuesday, October 01, 2019
The MN Opportunity Zone Challenge kicked off in March and the first round of submissions closed June 30. The goal of the Challenge was to spur activity across the state because at the outset of 2019 – almost 13 months after the Investing in Opportunities Act passed – community-led projects weren’t percolating.
Round one of the OZ Challenge included 16 projects, totaling over $300m in development. Five were from communities with populations below 5,000; two from towns 5-20,000 and two from Twin Cities suburban communities. Duluth also had a number of projects entered into the Challenge.