Vallejo, California
- Overall City Report Card Grade*: C
- Diversity/Multicultural Profile Level: High
- Identified as Disadvantaged*: Yes
- Justice40 Initiative's Five Categories of Investment Needs*: Clean Energy/Energy Efficiency, Clean Transit, Health Burdens, Sustainable Housing, Workforce Development
- Qualified Opportunity Zones (QOZ)*: 6
- QOZs within Solano County's Seven Cities*: 9
- Quality of Life for Solano County Households*: 7% at poverty level; 24% are ALICE communities (asset-limited/income-constrained/employed)
Impacting Communities + Investors
We are committed to make real change, break barriers, create opportunities, achieve financial inclusion, and stimulate growth for our communities — putting community economic development in the hands of the community.
This is Vallejo...
Imagine this land redeveloped, revitalized, and thriving as a cinema entertainment center.
This 12+ acres of land was previously a shopping plaza. Located on a main boulevard/highway. The buildings were demolished nearly 20 years ago and is currently fenced off, overgrown, and occupied by a homeless encampment. We've reimagined this property as a prime location for year round family fun.
OZ Code: 06095251802
This is Vallejo...
Imagine this brownfield land redeveloped, revitalized, and thriving as a market hall/marketplace.
Previously a Mare Island Vallejo Naval Shipyard Administrative Building. The naval base closed in 1996 and this building, which sits on historic land in a beautiful location, is currently occupied by squatters and vandals. We've reimagined this property as a ‘destination’ artisan market hall/marketplace.
OZ Code:
06095250801
This is Vallejo...
Imagine this land reused, renewed, and thriving as a site for hospitality — a lodge and supperclub.
Previously the Mare Island Vallejo Golf Course, which sits on historic land, has been closed and fenced off since early 2019. We've reimagined this secluded property as a ‘destination’ with five star lodging and an esteemed supperclub that is just a few miles from the Wine Country.
OZ Code:
06095251802
Justice40 Initiative
Established to advance environmental justice and spur economic opportunity for disadvantaged communities.
Meaningful community engagement with stakeholders is a critical component of the Justice40 Initiative. Ensuring community members have an opportunity to provide input on program decisions, including in the identification of the benefits of Justice40 covered programs. The categories of investment are: climate change, clean energy and energy efficiency, clean transit, affordable and sustainable housing, training and workforce development, remediation and reduction of legacy pollution, and the development of critical clean water and wastewater infrastructure.
Opportunity Zones
The Opportunity Zone Program was enacted in the 2017 Tax Cuts and Jobs Act.
An economic development tool designed to spur economic development and job creation in distressed communities. Twelve percent of US census tracts are qualified opportunity zones (8,762 tracts). With 879 in California. The designated zones have lower incomes, higher poverty rates, and higher unemployment rates than eligible non-designated tracts. By creating investor opportunities with incentives for radical tax breaks, it impacts and builds back the communities and people that need it most. Before actively investing in qualified opportunity zone businesses (OZB) and opportunities in the pipeline, click below to learn more.
Sustainable Development Goals
SDGs were set up in 2015 by the United Nations General Assembly.
The mission is to end extreme poverty, reduce inequality, and protect the planet by 2030. Our investments are impacting 4 out of 17 Sustainable Development Goals: No Poverty, Decent Work & Economic Growth, Innovation & Infrastructure, and Sustainable Cities & Communities.
