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The Week in impact investing: Opportunity
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Opportunity Alabama is combining community and capital to fulfill the potential of Opportunity Zones
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Opportunity Alabama announces the OPAL Fund to advance, support local communities
By Alabama NewsCenter Staff April 21, 2021
The St. James Hotel in Selma was constructed in 1836 and was renovated and reopened earlier this year using opportunity zone funding. (contributed)
Opportunity Alabama announced Wednesday the creation of the OPAL Fund – a qualified opportunity fund formed to invest in projects that meet expressed community needs and build wealth for people traditionally underrepresented in investing.
The OPAL Fund was created to invest in real estate projects that can produce market rates of return, engage minority and woman-owned business enterprises (MWBEs) in development and management, and create better communities across Alabama.