City Coordinator's Office

350 S. 5th St, Room 301M
Minneapolis, MN 55415
612-673-2032

Promise Zone

What is a Promise Zone? 

Promise Zones are federally designated, high poverty communities where Federal Government agencies partner with local organizations and leaders to increase economic activity, address the housing blight, and leverage private investment through a racial equity framework. The designation will last for a term of ten years. There are 22 urban, rural, and tribal Promise Zones that have been designated. More information about Promise Zones.Minneapolis Promise Zone Border and Opportunity Zones

As part of the designation, the North Minneapolis Promise Zone has received:

Since its genesis the North Minneapolis Promise Zone has:

 

 

 

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What is an Opportunity Zone? 

Opportunity Zones were established by Congress in 2017 as part of the Tax Cut and Jobs Act of 2017. The designation seeks to spur economic development and job creation. Capital gains invested in real estate may result in tax cuts. Learn more about Opportunity Zones here. There are multiple Census Tracts designated as Opportunity Zones in the North Minneapolis Promise Zone. If you would like to learn more about investing in a North Minneapolis Opportunity Zone, email Julianne Leerssen.

About the North Minneapolis Promise Zone

The North Minneapolis Promise Zone is a comprehensive, community-driven strategy that builds on and aligns numerous initiatives to build a more inclusive economy, to promote stable housing, and to improve health and safety, for all North Minneapolis Promise Zone residents. Learn more about the North Minneapolis Promise Zone goals.

The designation covers 80-85% of what is commonly called North Minneapolis, or the Northside. This includes 9 neighborhoods and most of zip codes 55411 and 55412. The boundaries are Queen Avenue North to the Mississippi River, and 45th Avenue North to Basset Creek Valley.

Some statistics about the Promise Zone:

 

Last updated Aug 27, 2019

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