This EDA investment funds the market analysis of potential properties within the city's sphere of influence that would be suitable for industry clusters, manufacturing facilities, new and expanded…

The $250,000 Economic Development Administration Project Grant awarded on July 7, 2021 will fund a market analysis of properties within and adjacent to Opportunity Zones in Yreka, California suitable for industry clusters, manufacturing facilities, business expansion, infrastructure improvements, and incubation programs. This analysis under the Economic Adjustment Assistance program (CFDA 11.307) will assess existing local economic assets, needs, and market conditions to prioritize investments supporting economic prosperity. A comparative analysis of sites will determine if Opportunity Zones incentives make properties located within Zones more feasible for development than nearby alternatives. The City of Yreka will deliver these analysis products to support attracting compatible businesses and maximizing the impact of available federal and state redevelopment tools.

This EDA investment funds the market analysis of potential properties within the city's sphere of influence that would be suitable for industry clusters, manufacturing facilities, new and expanded businesses, infrastructure improvements, and incubation programs that could significantly benefit from the opportunity zones. This study will analyze the existing assets, needs, and market conditions of the local economy to prioritize investments that contribute to economic prosperity. A comparative analysis of the sites will additionally determine whether the opportunity zones incentive is significant enough to make sites located within the opportunity zones more feasible than several located adjacent to the opportunity zones.