Videos
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Alabama Stories
Calvert Foundation Gulf Coast Recovery Initiative
- Gulf Coast,
- Alabama, Louisiana, Mississippi
- Enterprise Community Partners, Local Initiatives Support Corporation
- GO-ZONE (2005)
Just fifteen months after Katrina, the Calvert Foundation had already directed a total of $1.6 million in affordable loan capital to the Gulf Coast Region. These loans were based, in part, on investment funds raised since 2005 through its “Gulf Coast Recovery Initiative.”
The GO Zone Act of 2005 Expands the New Markets Tax Credit into Gulf Opportunity Zones
- Gulf Coast,
- Alabama, Louisiana, Mississippi, Texas
- GO-ZONE (2005)
Hurricane Katrina devastated many New Orleans, Alabama, and Mississippi communities that were already reeling from decades of poverty, unemployment, and economic stagnation. In the wake of Katrina, Congress passed The Gulf Opportunity Zone (GO Zone) Act of 2005, P.L. 109-135, which provided tax relief to The GO Zone, comprised of those counties or parishes that were deemed eligible by FEMA for “individual assistance” or “individual and public” assistance in after the storm.
BalanceAI
- Birmingham,
- Alabama
- Bronze Valley
- Affordable Housing, Venture Capital
BalanceAI develops AI-enabled controls for heat pumps in multifamily buildings to reduce energy use, improve resident comfort, and help property owners manage building loads more efficiently. Bronze Valley backed the company as it moved from its first 200-unit customer toward broader commercialization and growth.
Nyad
- Birmingham,
- Alabama
- Bronze Valley
- Venture Capital
Nyad is developing an AI and computer-vision platform that helps wastewater operators monitor biological treatment processes, reduce costs, maintain compliance, and improve treatment efficiency. After participating in Bronze Valley’s Alabama investment accelerator, the company expanded its Alabama presence and began projects with wastewater facilities.
Two Rivers Lumber Company
- Kellyton,
- Alabama
- Carver State Bank, United Bank
- Manufacturing and Industrial
Two Rivers Lumber Company is set to construct a new state-of-the-art sawmil in Kellyton, AL to manufacture dimensional lumber from southern yellow pine.
K-V-A-T Food Stores, Inc.
- Athens,
- Alabama
- TruFund
- Restaurants, Retail and Service Sector
Construction of a 54,000 square-foot supermarket located within a severely distressed census tract of Athens, AL.
Andalusia Hotel
- Andalusia,
- Alabama
- United Bank
- Tourism and Arts
Renovating an historic bank building located in downtown rural Andalusia, AL into a 66-room boutique hotel to be operated by Choice Hotels under the Hampton Inn & Suites hotel flag. The Project will be located in Covington County within a severely distressed, rural census tract designated as an Opportunity Zone.
East Alabama Rural Innovation and Training Hub (EARTH Alabama)
- Sylacauga,
- Alabama
- Carver State Bank, United Bank
- College or Vocational Training
Located on the 30-acre site of the former Avondale Mills, EARTH will renovate an existing 125,000 square foot building into a comprehensive campus, aimed at developing local workforce skills, fostering new ideas and technologies, creating high-quality jobs, and leveraging local resources.
Gordon Rebounds
- Gordon,
- Alabama
- Communities Unlimited
- Progress Report, Rural
Rural Alabama Town Finds Its Footing After Years of Struggle
Sixth Avenue Baptist FCU Helps a Member Rebuild with Grace
- Birmingham,
- Alabama
- Inclusiv, Sixth Avenue Baptist FCU
- Affordable Housing, CDFI Credit Unions, Consumer Finance, Fires, Progress Report, Restoring Housing
A Birmingham Family Finds Hope and Housing Stability Through Faith-Rooted Financial Support
Rural Grocery Store Revitalization
- Livingston,
- Alabama
- Opportunity Alabama
- Grocery Stores and Fresh Food
OPAL’s CGA program recruited new owner and introduced two CDFIs to upgrade equipment and facades of Market Place in Livingston.
OZ‑Invested Industrial Development
- Tuskegee,
- Alabama
- Opportunity Alabama
- Opportunity Zones
OPAL helped structure Opportunity Zone investment via OPAL Fund into REAL Park, bringing industrial jobs and investment to Tuskegee area.