Opportunity Zones are low-income census tracts certified by the U.S. Department of the Treasury. There are 25 designated Opportunity Zones within Rhode Island, including in the cities of Providence, Newport, and Woonsocket.
Learn more about financing your Opportunity Zone project in Rhode Island, with Qualified Opportunity Fund equity investments.
Why develop your project in an Opportunity Zone in Rhode Island with OZone Financing Solutions?
OZone Financing Solutions can help you source investment capital to develop your project in Rhode Island.Opportunity Zones connect private-sector investment to low-income communities, which means you can finance your project in Rhode Island and stimulate the local economy. An Opportunity Zone investment is a great way to benefit both investors and communities in Rhode Island, such as Greater Boston and Providence 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 Rhode Island.
We will work with you to simplify the Opportunity Zone process in Rhode Island.
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 Rhode Island qualify as an Opportunity Zone?
Our free Opportunity Zone Map will show where designated Opportunity Zones are located within Rhode Island.
Ozone Financing’s Opportunity Zone map
If your project is located within a designated Opportunity Zone in Rhode Island, you should familiarize yourself with the requirements for becoming a Qualified Opportunity Zone property.
Rhode Island and its economic climate are vibrant.
Rhode Island is an attractive destination for visitors, university students, and investors. Well-known landmarks and cities, such as Rhode Island State House and Providence, attract tourists to the area, and University of Rhode Island and Johnson and Wales University draw students from across the United States and around the world. Additionally, Rhode Island 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. Rhode Island has a GDP of $59.46 billion, which ranks 46th in the United States.
The State of Rhode Island covers an area of 1,214 square miles, including 8 major cities,with a total population of 1,059,639 and 25 Opportunity Zones. It is the 2nd-most densely populated state in the United States.
According to the 2010 U.S. Census, the State of Rhode Island had a population of approximately 845,000 over the age of 16. Of this, approximately 576,000 people are in the labor force of Rhode Island, with 509,000 who are employed and 67,000 unemployed. Unemployment statistics for the State of Rhode Island in 2015 show average unemployment at 6.0%. Monthly unemployment rates in Rhode Island were 5.6% in October 2015, 5.5% in November 2015, and 5.5% in December 2015.
Our EB5AN State of Rhode Island regional center offers a unique alternative source of capital.
Our EB5AN State of Rhode Island EB-5 regional center covers Opportunity Zones in Bristol and Kent 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 Rhode Island regional center offers geographic coverage of Providence, Newport, and Woonsocket, including the areas of Olneyville, Garfield St (Newport), and Hamlet. The Providence metropolitan area encompasses eight countis including Bristol County in Rhode Island.
Discover the benefits of developing your project in a Qualified Opportunity Zone.
Given Rhode Island’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 Rhode Island.
Contact OZone Financing Solutions today to learn more about developing an Opportunity Zone project in Rhode Island.
Call 1-833-886-9663 or e-mail at info@OzoneFinancing.com .