“We enjoy beautiful lakes, rivers, botanical gardens and museums. However, like many cities across America, Fayetteville has communities and neighborhoods that are distressed and could benefit from private capital investment. We are seeking creative ways to leverage the Federal Opportunity Zone Program as an important part of our economic development strategy. The creation of jobs, investment in infrastructure, and development of affordable housing are key components in our effort towards building a stronger community.

The new tax incentive presents us with an opportunity to drive long-term private investment into low-income communities. The City of Fayetteville is poised to use its resources along with this incentive to make an unparalleled impact on the most underserved and disinvested neighborhoods.

The prospectus provides a glimpse of Fayetteville and of projects that will catalyze the growth of our city. Private investment will help us achieve our vision of elevating our neighborhoods and of building more sustainable communities where all citizens benefit and participate.”