Getting ahead in the city is hard. In rural America, it’s even harder.

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Where the American Dream Lives and Dies

/   Tanvi Misra, CityLab

Rags-to-riches stories, like Benjamin Franklin’s, have always captured the American imagination. They feed the narrative of the American Dream—that from humble beginnings, a scrappy, hardworking person can become prosperous, and afford opportunities his or her parents did not have. Through booms and recessions, people have bought into this myth. The problem is: The American Dream…

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Getting ahead in the city is hard. In rural America, it’s even harder.

/   Jim Tankersley, Vox

A new report highlights the geographic divide in economic mobility. It has been snowed over by the rallying stock market and the cascade of controversies in the early months of the Trump administration, but the 2016 election revealed a deep economic and geographic divide in America. That divide remains critical — though not sufficient —…

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Is the American Dream Alive or Dead? It Depends on Where You Look

EIG has joined county-level data from our Distressed Communities Index (DCI) with the economic mobility estimates created by Raj Chetty’s team at Harvard’s Equality of Opportunity Project (EOP)

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A nation of entrepreneurs in retreat

/   David D. Haynes, Milwaukee Journal Sentinel

The American economy is still dynamic and robust — the best in the world in many ways, and there are plenty of smart, innovative companies in Wisconsin. Think Epic Systems, Johnson Controls or Ariens. But beneath the thin veneer of rosy topline economic statistics, most of which look good right now, I see some signs for…

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President Trump’s “Peter Thiel Plan” for the Economy: Run Like Hell for the Coasts

/   Ross Baird, Medium

Every economic conversation in this country should be about jobs. And where and how we invest in entrepreneurs dictates a great deal about the kinds of jobs we are going to create. According to the Kauffman Foundation, nearly 100% of net new jobs in America over the last thirty years have been created by startup…

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U.S. Cities Battle Each Other for Jobs With $45 Billion in Incentives

/   Ruth Simon, The Wall Street Journal

Economic-development tax incentives more than tripled over the past 25 years, offsetting about 30% of the taxes the companies receiving incentives would have otherwise paid in 2015, compared with about 9% offset in 1990, according to an analysis of incentives covering more than 90% of the U.S. economy. By 2015, the total annual cost of…

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