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.
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