Minnesota Opportunity Zones

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Minnesota Opportunity Zones Demographics for Minnesota’s Opportunity Zones Major urban areas with largest number of zones Minnesota Minnesota Minneapolis Opportunity Zones Minority 20% 37% Population 19 Tracts Poverty 10% 21% Rate Average $89,842 $58,600 MFI* Bachelor’s 36% 23% Degree+ St. Paul Adults Not 14% 23% Working Housing 5% 7% 128 Opportunity Zones Vacancy 18 Tracts Rent 46% 50% 494k Zone Residents Burdened 496k Zone Jobs Congressional districts with largest number of zones 31k Zone Businesses Duluth Representative District Party Zones Pete Stauber MN-08 R 32 Non-Metro Michelle Fischbach MN-07 R 25 5 Tracts 41% Ilhan Omar MN-05 D 24 Metro Betty McCollum MN-04 D 19 59% To learn more vist https://eig.org/opportunityzones 59+41+B Contact: [email protected] U.S. Opportunity Zones Over 8,700 35 million 1.6 million 24 million Zones residents businesses* jobs* Data Notes Minority Population reflects the share of the population that does not identify as white, non- Hispanic. Bachelor’s Degree + reflects the share of the population age 25 and older who hold a bachelor’s degree or higher. Adults Not Working reflects the share of the population age 25 to 64 not working (i.e. either unemployed or not in the labor force). Housing Vacancy reflects the share of housing units that are vacant, adjusted for recreational, seasonal, or occasional use vacancies. Rent Burdened reflects the share of renter- occupied households that spend 30%+ of their household income on housing Businesses and jobs data sourced from ESRI, 2017 data. All other data sourced from the American Community Survey, 2015-2019 data. Average Minority Bachelor’s Adults Not Housing Poverty Rate Median Family Rent Burdened Population Degree+ Working Vacancy Income United States* 39% 15% $70,900 31% 27% 8% 51% Average U.S. 56% 29% $44,700 18% 36% 13% 55% Opportunity Zones* *Figure does not include Puerto Rico and the other U.S. territories To learn more vist https://eig.org/opportunityzones | Contact: [email protected].

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