OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 9701, Granite Falls, Minnesota
Census Tract 9701 is a Low-Income CommunityOpportunity Zone located in Granite Falls, Minnesota.
This 150 square milecensus tract has a population of approximately 3,100and is the only Opportunity Zone in Yellow Medicine County.
The adjacent map shows the location of this Opportunity Zone in Minnesota.
Census Tract 9701 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$69K |
This Opportunity Zone has a median household incomeof approximately $69,000, which is 8% lowerthan the median household income for the state of Minnesota of $75,000.
Poverty Rate
14% |
The percentage of households below the poverty line in this Opportunity Zone is 14%, which is 5% higherthan the rate for the state of Minnesota of 9%.
Median Home Value
$126K |
This Opportunity Zone has a median home valueof approximately $130,000, which is 48% lowerthan the median home value for the state of Minnesota of $250,000.
Education
93% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 93%, which is 1% lowerthan the rate for the state of Minnesota of 94%.
Median Age
43 |
This Opportunity Zone has a median ageof approximately 43, which is 13% higherthan the median age for the state of Minnesota of 38.
Minnesota OZ Funds
There are 6QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Minnesotaas a target market. Additional OZ funds may also invest in Minnesota; see a complete list of Opportunity Zone Funds here.
| Fund Name | Asset Classes | Property Types | Fund Size |
|---|---|---|---|
| Catalyst Opportunity Funds | Business, Real Estate | Affordable Housing, Commercial, Mixed-Use, Multi-Family Housing, Office, Residential, Workforce Housing | $150M |
| Connect UP! Integrated Capital Fund | Business, Real Estate | Affordable Housing, Commercial, Infrastructure, Residential, Workforce Housing | $50M |
| DREAM Fund | Real Estate | Commercial, Energy Development, Mixed-Use, Residential | $100M |
| Hospitality with real estate | Business | Hotel | $3M |
| Origin Investments QOZ Fund | Real Estate | Commercial, Residential | $200M |
| V3 Sports | Business, Real Estate | Mixed-Use |