OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
List of Grand Rapids, Michigan Opportunity Zones & OZ Funds
The city of Grand Rapids, Michiganhas 8 designated Opportunity Zones.
In total these Opportunity Zones have a population of approximately 30,000. That represents 15% of the city’s total population of 200,000.
The median household incomefor Grand Rapids Opportunity Zones ranges from approximately $21,000 to $52,000.
The adjacent map shows all Opportunity Zones in Grand Rapids. Click on any Opportunity Zone for additional information.
List of All Grand Rapids OZs
The table below lists all 8Opportunity Zones in Grand Rapids. The first two rows reflect average values for the state of Michiganand the Opportunity Zones in the state.
| Name | County | Median Household Income | Below Poverty Line | Median Home Value | Edu High School | Median Age |
|---|---|---|---|---|---|---|
| All of Michigan | n/a | $60K | 13% | $170K | 91% | 40 |
| Michigan OZ Average | n/a | $35K | 34% | $98K | 69% | 27 |
| 26081002600 | Kent | $34K | 36% | $81K | 48% | 23 |
| 26081002800 | Kent | $21K | 44% | $102K | 74% | 29 |
| 26081003000 | Kent | $52K | 23% | $168K | 93% | 28 |
| 26081003200 | Kent | $36K | 33% | $82K | 84% | 26 |
| 26081003500 | Kent | $37K | 23% | $119K | 85% | 31 |
| 26081003600 | Kent | $22K | 46% | $81K | 60% | 24 |
| 26081003700 | Kent | $37K | 26% | $89K | 73% | 30 |
| 26081003800 | Kent | $38K | 40% | $61K | 38% | 24 |
Michigan OZ Funds
There are 6QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Michiganas a target market. Additional OZ funds may also invest in Michigan; see a complete list of Opportunity Zone Funds here.
| Fund Name | Asset Classes | Property Types | Fund Size |
|---|---|---|---|
| Accredited Capital | Real Estate | Multi-Family Housing, Residential, Single-Family Housing | $25M |
| Beacon Rose Opportunity Zone Fund | Real Estate | Industrial, Mixed-Use, Multi-Family Housing, Residential, Student Housing | $100M |
| Community Outcome Fund | Business, Real Estate | Commercial, Infrastructure, Mixed-Use, Residential | $500M |
| Greatwater Opportunity Capital Detroit Opportunity Fund | Real Estate | Commercial, Mixed-Use, Multi-Family Housing, Residential | $100M |
| Urban Array Opportunity Fund | Business, Real Estate | Commercial, Office, Residential | $5M |
| Wefunder Detroit Opportunity Fund | Business | $100K |