Archive for the ‘In the News’ Category

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America’s elite communities are leaving the rest of the country behind. Now what?

/   Jim Pethokoukis, AEI

America’s elite communities are leaving the rest of the country behind. That’s the core conclusion of a new report from the Economic Innovation Group. Researchers there found that the nearly 7 million jobs added between 2000 and 2015 “overwhelmingly flowed” into the nation’s most prosperous communities.

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Morning Tax: We dare you.

/   Bernie Becker, Politico

And with all the talk about Opportunity Zones and Community Development Financial Institutions funding: The Economic Innovation Group has a new study examining how the economy is advancing in communities across the nation – and found that, much like income inequality is on the rise, certain parts of the U.S. are speeding forward while the…

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The wildly uneven recovery from the Great Recession.

/   Kim Hart, Axios

Only the most affluent zip codes quickly recovered from the Great Recession and went on to rack up significant job gains, while the economies of the country’s most distressed communities continue to struggle, according to a new report released today.

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Officials say fed program to ‘drive much-needed capital’ to projects in Aurora

/   Steve Lord, Chicago Tribune

Aurora will be able to participate in a new federal program designed to increase long-term private investment in low-income areas. Opportunity Zones were established by Congress in the Tax Cuts and Jobs Act of 2017 to provide a tax incentive for investors to put capital gains to use in the zones.

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National Nonprofit Meets Growing Demand for Worker Ownership

/   Steve Dubb, Nonprofit Quarterly

“As banks have consolidated, capital for small businesses has grown scarce,” Anzilotti notes. In making this statement, Anzilotti was referred to a report released last year by the Washington, DC-based Economic Innovation Group, which found that more small businesses were closing than opening, “revealing a stark reversal from decades of growth,” according to Mike Maciag…

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