OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 310, East Millinocket, Maine
Census Tract 310 is a Low-Income CommunityOpportunity Zone located in East Millinocket, Maine.
This 7.1 square milecensus tract has a population of approximately 1,700and is one of 7 Opportunity Zones in Penobscot County.
The adjacent map shows the location of this Opportunity Zone in Maine.
Census Tract 310 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$42K |
This Opportunity Zone has a median household incomeof approximately $42,000, which is 29% lowerthan the median household income for the state of Maine of $59,000.
Poverty Rate
16% |
The percentage of households below the poverty line in this Opportunity Zone is 16%, which is 5% higherthan the rate for the state of Maine of 11%.
Median Home Value
$57K |
This Opportunity Zone has a median home valueof approximately $57,000, which is 71% lowerthan the median home value for the state of Maine of $200,000.
Education
91% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 91%, which is 2% lowerthan the rate for the state of Maine of 93%.
Median Age
51 |
This Opportunity Zone has a median ageof approximately 51, which is 13% higherthan the median age for the state of Maine of 45.
Maine OZ Funds
There are 2QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Maineas a target market. Additional OZ funds may also invest in Maine; see a complete list of Opportunity Zone Funds here.
| Fund Name | Asset Classes | Property Types | Fund Size |
|---|---|---|---|
| KindCare Assisted Living | Business, Real Estate | Residential, Senior Housing | $30M |
| Strategic Rivermont OZ Fund, LLC | Real Estate | Commercial, Energy Development, Hotel, Mixed-Use, Residential, Stadiums and Arenas, Student Housing | $100M |