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New bill does hard job of injecting capital into needy communities

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Why has the economic recovery been so uneven, especially in Ohio?

/   Jessica Wehrman , The Columbus Dispatch

Rep. Pat Tiberi is delving into why the economic recovery has been uneven, with some parts of the country bouncing back while others continue to struggle. The Genoa Township Republican is the chairman of the Joint Economic Committee, a panel of House members and U.S. senators tasked with reviewing economic conditions and recommending improvements in…

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Economic Innovation Group’s John Lettieri To Testify Before The Joint Economic Committee

Lettieri will speak on the decline of economic dynamism in the United States and its implications for achieving the American Dream Washington, D.C. – Today, John Lettieri, co-founder and senior director for policy and strategy at the Economic Innovation Group (EIG), will testify before the Joint Economic Committee at its hearing on the state of…

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How to handle an economy that no longer works for you

/   Karl Stauber, GoDan River

In 1969, the median household income in Danville, Pittsylvania County and the United States were all within a few dollars of each other — right around $8,000. By 2015, the comparable numbers were approximately $65,000 for Virginia, $56,000 for the United States, $42,000 for Pittsylvania County and $34,000 for Danville. (For more information, see our…

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Bipartisan legislation to bring private investment to America’s “emerging markets”

/   Dennis Price, Impact Alpha

More than three-quarters of all venture capital investment went to California, New York and Massachusetts last year. A new bipartisan bill, the “Investing in Opportunity Act,” aims to spread the wealth by tapping the $2 trillion in unrealized capital gains in stocks and mutual funds. The bill would set up “Opportunity Funds” in underserved “Opportunity…

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Stagnation Is Stunting Economic Growth

/   Charles Hughes, Seeking Alpha

The American economy is stagnating. The creative destruction of old businesses exiting and new ones starting up has slowed. Fewer people are working at new companies. These trends have only accelerated post-recession. Many of the fresh new entrants hailed as disruptive startups, such as Uber (Private:UBER) and Facebook (NASDAQ:FB), have been on the scene for…

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New bill does hard job of injecting capital into needy communities

/   John Lettieri and Steve Glickman, The Hill

In the midst of the most geographically divided economic recovery on record, it’s no surprise that communities desperate for economic growth often turn to expensive corporate tax incentives designed to produce a quick fix by luring or retaining local jobs and investment. Such incentives totaled a whopping $45 billion in 2015 alone. Though it’s hard…

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