Opportunity Zones are low-income census tracts certified by the U.S. Department of the Treasury. There are 514 designated Opportunity Zones within New York, including in the cities of Long Beach, Rochester, and Syracuse.
Learn more about financing your Opportunity Zone project in New York, with Qualified Opportunity Fund equity investments.
Why develop your project in an Opportunity Zone in New York with OZone Financing Solutions?
OZone Financing Solutions can help you source investment capital to develop your project in New York. Opportunity Zones connect private-sector investment to low-income communities, which means you can finance your project in New York and stimulate the local economy. An Opportunity Zone investment is a great way to benefit both investors and communities in New York, such as Albany-Schenectady-Troy Metropolitan Statistical Area and New York Metropolitan Area.
Visit our Opportunity Zone development guide to learn about developing Qualified Opportunity Zone property and to discover how OZone Financing Solutions can benefit your project in New York.
We will work with you to simplify the Opportunity Zone process in New York.
To successfully secure Opportunity Zone equity investment, you may need to use multiple types of capital in the final capital stack for your project. You’ll also need to establish a Qualified Opportunity Fund and market your Opportunity Zone project. OZone Financing Solutions can provide you with a turnkey, one-stop-shop solution to simplify the process.OZone Financing provides best-in-class quality, speed, and coordination for project structuring and legal documentation as well as a full marketing and fundraising package.
What areas in New York qualify as an Opportunity Zone?
Ourfree Opportunity Zone Map will showwheredesignated Opportunity Zones are located within New York.
Ozone Financing’s Opportunity Zone map
If your project is located within a designated Opportunity Zone in New York, you should familiarize yourself with the requirements for becoming a Qualified Opportunity Zone property.
New York and its economic climate are vibrant.
New York is an attractive destination for visitors, university students, and investors. Well-known landmarks and cities, such as Central Park and Manhattan, attract tourists to the area, and New York University and Columbia University draw students from across the United States and around the world. Additionally, New York has embraced Opportunity Zones as a great source of potential growth for the U.S. economy and for low-income communities. Opportunity Zones provide strong returns for investors while providing communities with much-needed development capital and jobs. New York has a GDP of $1.55 trillion, which ranks 3rd in the United States.
The State of New York covers an area of 54,555 square miles, including 10 major cities,with a total population of 19,542,209 and 514 Opportunity Zones. It is the 7th-most densely populated state in the United States.
According to the 2010 U.S. Census, the State of New York had a population of approximately 15,431,000 over the age of 16. Of this, approximately 9,631,000 people are in the labor force of New York, with 8,807,000 who are employed and 824,000 unemployed. Unemployment statistics for the State of New York in 2015 show average unemployment at 5.3%. Monthly unemployment rates in New York were 4.9% in October 2015, 4.9% in November 2015, and 4.9% in December 2015.
Our EB5AN State of New York regional center offers a unique alternative source of capital.
Our EB5AN State of New York EB-5 regional center covers Opportunity Zones in Nasau and Suffolk counties, which create a unique opportunity to further incentivize investors and diversify your project’s sources of capital. Through the EB-5 Program, qualified foreign investors can invest in a USCIS-approved EB-5 regional center projects to gain permanent resident status in the United States. Our EB5AN State of New York regional center offers geographic coverage of Long Beach, Rochester, and Syracuse, including the areas of Far Rockaway, Upper Falls, and Westside. The New York metropolitan area encompasses 25 counties including Kings County in New York.
Discover the benefits of developing your project in a Qualified Opportunity Zone.
Given New York’s large population, becoming a Qualified Opportunity Zone business would create measurable benefits in your community. You would stimulate the local economy, there by reducing the number of unemployed people in New York.
Contact OZone Financing Solutions today to learn more about developing an Opportunity Zone project in New York.
Call 1-833-886-9663 or e-mail at info@OzoneFinancing.com .