OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 9504, Mena, Arkansas
Census Tract 9504 is a Low-Income CommunityOpportunity Zone located in Mena, Arkansas.
This 13 square milecensus tract has a population of approximately 3,000and is the only Opportunity Zone in Polk County.
The adjacent map shows the location of this Opportunity Zone in Arkansas.
Census Tract 9504 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$39K |
This Opportunity Zone has a median household incomeof approximately $39,000, which is 20% lowerthan the median household income for the state of Arkansas of $49,000.
Poverty Rate
22% |
The percentage of households below the poverty line in this Opportunity Zone is 22%, which is 6% higherthan the rate for the state of Arkansas of 16%.
Median Home Value
$125K |
This Opportunity Zone has a median home valueof approximately $120,000, which is 14% lowerthan the median home value for the state of Arkansas of $140,000.
Education
87% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 87%, which is 0% lowerthan the rate for the state of Arkansas of 87%.
Median Age
42 |
This Opportunity Zone has a median ageof approximately 42, which is 8% higherthan the median age for the state of Arkansas of 39.
Arkansas OZ Funds
There are 4QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Arkansasas a target market. Additional OZ funds may also invest in Arkansas; see a complete list of Opportunity Zone Funds here.
| Fund Name | Asset Classes | Property Types | Fund Size |
|---|---|---|---|
| Catalytic Opportunity Zone Fund | Business, Real Estate | Commercial, Hotel, Infrastructure, Mixed-Use, Office, Residential, Student Housing, Workforce Housing | $100M |
| Community Outcome Fund | Business, Real Estate | Commercial, Infrastructure, Mixed-Use, Residential | $500M |
| Maxus Opportunity Fund I | Real Estate | Commercial, Residential | $500M |
| Tigerback Ventures | Business |