Opportunity Alabama (or OPAL) is a first-of-its-kind nonprofit initiative dedicated to connecting investors with investable assets in Alabama’s Opportunity Zones – 158 Census tracts chosen by Governor Kay Ivey as places that could benefit from a new influx of capital. OPAL will become the catalyst for bringing investors, opportunities, communities and key institutional supporters together to generate real returns while improving economic vitality and quality of life
* The Opportunity Zones program is a new alternative economic development program established by Congress in the Tax Cuts and Jobs Act of 2017 to foster private-sector investments in low-income rural and urban areas. This is a new program with many moving parts. The Alabama Department of Economic and Community Affairs gives you a basic overview of the program and how it is being implemented in Alabama.
** Industrial sites with AdvantageSite designation have undergone a rigorous process to demonstrate that documentation critical to the site selection process is ready for prospective industry.