FOR IMMEDIATE RELEASE
Date: February 12, 2019
Contact: Deidra Druilhet
Telephone: 337-806-9378
E-mail: info@planacadiana.org

APC CEO, Monique Boulet and One Acadiana President and CEO, Troy Wayman discuss the Acadiana Opportunity Zone Prospectus.


LAFAYETTE, La. – Local, state and national leaders ascended upon Lafayette recently to take part in what would be the state’s first regional opportunity zone forum.


Presented by the Acadiana Planning Commission, in conjunction with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, the forum was held Wednesday, February 6, at the University of Louisiana LITE Center to discuss the new federal opportunity zones incentive.


“Opportunity Zones are truly an opportunity that have never existed before,” said Mayor-President Joel Robideaux. “The Acadiana region is leading the charge, but we must go beyond the knowledge and information received from this forum. We must take the next step forward and begin the implementation process.”


“Much needed revitalization of our disinvested neighborhoods and town centers is impossible without engaging private sector dollars. Opportunity Zone incentives open that door,” said APC CEO, Monique Boulet. “This forum is a starting point of how we can establish a foundation for a regional-wide vision, as well as mobilize local investors as we work to revitalize our gateways and communities.”


Many of Acadiana’s rural and urban town centers are strategically designated opportunity zones. The community development forum brought together economic developers, bankers, CPA’s, commercial real estate brokers, attorneys, and developers to discuss the Opportunity Zone program and explore how the program can encourage private investments in low-income urban and rural communities.

Crowd shot of Opportunity Zone forum attendees.


In addition to the forum, the Acadiana Planning Commission, along with One Acadiana and the Community Foundation of Acadiana, debuted the Acadiana Opportunity Zone Prospectus.


The goal of the prospectus is to:
• Highlight how Opportunity Zones can integrate investments generated by the new tax benefit to complement existing and prospective economic development activities
• Serve as a matchmaker between project developers, Opportunity Zone investors, and Opportunity Zone communities in South Louisiana’s Acadiana Region
• Kickstart investment in local Opportunity Funds

Click here to view the prospectus.


In April 2018, Governor John Bel Edwards announced the designation of Louisiana’s Opportunity Zones, including 20 in the Acadiana region.
Stemming from the “Investing in Opportunity Act”, a $7.7 billion bipartisan bill aimed at strengthening economically depressed areas across the United States, opportunity zones offer deferred capital gains taxes and significant tax incentives to those who invest in low-income communities.


Coordinating the efforts on recommendations for opportunity zones in the Acadiana region, APC focused on census tracts that were centered along the downtown areas of the region’s municipalities to promote downtown revitalization. Area downtown revitalization is also a critical goal of the Acadiana region’s Comprehensive Economic Development Strategy which was adopted in 2017 as part of APC’s designation by the Economic Development Administration.

Sustainable Strategies President, Andrew Seth and OCC Community Development Expert, David Black give presentations on Opportunity Zones, a new federal tax incentive for private investments in low-income urban and rural communities.


Opportunity zones for Acadiana include the following areas:
• Lafayette Census Tract 0001, 0008, 0007, 0009, 0010, 0011, 0022 (including Downtown, University Corridor, UL main campus, Oil Center and Evangeline Thruway)
• Abbeville Census Tract 9507
• Breaux Bridge Census Tract 0205.01
• Church Point, Census Tract 9601
• Eunice Census Tract 9611
• New Iberia Census Tracts 0305, 0309, 0310, 0311
• Opelousas Census Tracts 9613, 9614, 9616
• Ville Platte, Census Tract 9505, 9506


To see the map of opportunity zones across the state, visit. https://www.opportunitylouisiana.com/business-incentives/opportunity-zones.


The Acadiana Planning Commission (APC) serves the public sector through planning and implementation of Community, Economic, and Transportation Development throughout the Acadiana region.

Downtown, University Corridor, UL main campus, Oil Center and Evangeline Thruway)
• Abbeville Census Tract 9507
• Breaux Bridge Census Tract 0205.01
• Church Point, Census Tract 9601
• Eunice Census Tract 9611
• New Iberia Census Tracts 0305, 0309, 0310, 0311
• Opelousas Census Tracts 9613, 9614, 9616
• Ville Platte, Census Tract 9505, 9506
To see the map of opportunity zones across the state, visit. https://www.opportunitylouisiana.com/business-incentives/opportunity-zones.


The Acadiana Planning Commission (APC) serves the public sector through planning and implementation of Community, Economic, and Transportation Development throughout the Acadiana region.