The city of Newark has one of the top locations in the country for investors looking to take advantage of the new Opportunity Zone Program, according to a national study released Thursday morning.
The LOCUS National Opportunity Zone Ranking Report ranked a census tract in downtown Newark in a tie for sixth place among the top Opportunity Zones for Smart Growth Potential, in a ranking of nearly 8,000 tracts.
For Smart Growth Potential, Opportunity Zones were scored on four metrics — walkability, job density, housing diversity and distance to the nearest Top 100 central business district — to generate a final score ranging between 0 and 20.
Here is the Top 50 overall ranking.
Read more from ROI-NJ:
- National study ranked nearly 8,000 Opportunity Zone tracts in 2 categories: Newark had one in Top 10 of both