July 26, 2018

Get to Know Your Opportunity Zones

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Are you now living or working in an Opportunity Zone? Is the community you serve a newly-designated Opportunity Zone? Are you thinking about investing in Opportunity Zones? 

If your answer is “yes” to any of these questions, you may be interested in understanding more about the characteristics of those neighborhoods. 

For example, an article in The Atlantic this week explores the promise for a particular Opportunity Zone in Fresno, California, stating that “census tract 06019000100 has a lot going for it” yet, “has its problems”. If you had a data set that could explain this sentiment using both quantitative and qualitative data, what could that look like? 

Free Opportunity 360 Measurement Reports

Today, anyone can go to Enterprise’s Opportunity Zones page, access our updated Opportunity360 state mapping tool, and click on the Opportunity Zone of interest for a free Opportunity 360 Measurement Report. Our mapping tool, which was developed specifically to help states engage their communities and make informed decisions during the Opportunity Zone nomination period, has been accessed more than 50,000 times by users in every state. 

Now that Opportunity Zones have been designated, states and local governments can use the mapping tool and report to create data-driven policies that attempt to align Opportunity Fund investments with local priorities and community needs. Additionally, absent any impact reporting requirements, the reports can be pulled to baseline neighborhood characteristics today, and then again annually where we know Opportunity Fund investments have been made. Conducting this annual benchmarking can allow us to glean some understanding of how the community has changed across a number of different factors over time. 

Census Tract 06019000100

Here is the 25-page Opportunity 360 Measurement Report for Census Tract 06019000100 in Fresno. The report is comprised of over 200 data points aggregated from both public and proprietary sources and enhanced by resident insights about the community. 

ozone census tract.png


Enterprise has built a framework around these data sets to create Opportunity Scores for each census tract across five distinct pathways towards positive outcomes for residents: 

  • Housing Stability 
  • Education 
  • Health and Well-Being 
  • Economic Security 
  • Mobility

With these indicators, we can begin to understand the strengths and needs of a specific location. Take a look at Census Tract 06019000100 to have more context about this neighborhood prior to reading The Atlantic’s Fixing America’s Forgotten Places

Stay Tuned!

More information to come in future blog posts on how you can utilize our Opportunity 360 tools to better understand the characteristics of all 8700+ Opportunity Zones and use that information to create data-informed strategies for policy development, investment, and impact measurement. 
 

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