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Community Business Investment and Growth - economic characteristics and patterns for the U.S. & each county & state
March 2024 .. There are 8,764 "Opportunity Zones" spread throughout the United States. These are areas, groups of census tracts, here new investments may be eligible for certain tax benefits. Related, HUBZones creates incentives (called "preferences") for federal agencies to purchase goods and services from businesses that operate and employ people in designated areas, also groups of census tracts. HUBZones (Historically Underutilized Business) are historically underdeveloped business areas that meets one or more of five defined criteria. These geographies are highly related but often included different census tracts. By establishing areas that promote economic development, qualified entities can encourage and sustain business growth in their communities. Federal programs available to facilitate such investment and growth are the Opportunity Zones and HUBZones. The following map illustrates how VDAGIS tools can be used to examine qualified areas in context CA CD 0646 in Orange County, CA. Congressional communities, such as Santa Ana, CA Center at pointer, can promote economic development in their area. The view can be easily augmented to shows block groups. Block group areas may be of interest to applicants and investors in understanding and documenting demographic-economic characteristics. 
Below is a similar view for the Lansing, MI area (CD MI 07). 
Opportunity Zones An Opportunity Zone is an economically distressed area where new investments may be eligible for certain tax benefits. There are 8,764 Opportunity Zones spread throughout the 50 states, DC and five U.S. territories. HUBZones The HUBZone program creates incentives (called "preferences") for federal agencies to purchase goods and services from businesses that operate and employ people in areas designated as HUBZones. The acronym HUB stands for "Historically Underutilized Business," and a HUBZone is a historically underdeveloped business zone that meets one or more of five defined criteria. HUBZones are mainly areas that are Qualified Census Tracts. Support Using these Resources .. goto top Learn more about accessing and using demographic-economic data and related analytical tools. Join us in a Data Analytics Lab session. There is no fee for these one-hour Web sessions. Each informal session is focused on a specific topic. The open structure also provides for Q&A and discussion of application issues of interest to participants. ProximityOne User Group Join the ProximityOne User Group to keep up-to-date with new developments relating to geographic-demographic-economic decision-making information resources. Receive updates and access to tools and resources available only to members. Use this form to join the User Group. Additional Information ProximityOne develops geographic-demographic-economic data and analytical tools and helps organizations knit together and use diverse data in a decision-making and analytical framework. We develop custom demographic/economic estimates and projections, develop geographic and geocoded address files, and assist with impact and geospatial analyses. Wide-ranging organizations use our tools (software, data, methodologies) to analyze their own data integrated with other data. Follow ProximityOne on Twitter at www.twitter.com/proximityone. Contact ProximityOne (888-364-7656) with questions about data covered in this section or to discuss custom estimates, projections or analyses for your areas of interest. |
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