Tucked Into the Tax Bill, a Plan to Help Distressed America

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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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Escape Velocity

How Elite Communities Are Pulling Away in the 21st Century Race for Jobs, Businesses, and Human Capital

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Rep. Erik Paulsen: How tax reform brings opportunity to poor neighborhoods

/   Rep. Erik Paulsen, The Washington Examiner

America’s new economy is finally taking off. In January 2017, prior to tax reform and regulatory reforms, the Congressional Budget Office projected only 1.9 percent growth for 2018. CBO now projects 3.3 percent growth for 2018, the highest annual growth rate since 2005

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