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Globalisation has marginalised many regions in the rich world

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5 metro Phoenix ZIP codes rank in top U.S. areas to buy money-making rental homes

/   Catherine Reagor, AZ Central

Chandler ranked the best city to buy a home big enough to raise a family, according to an October 2017 data analysis from SmartAsset. Gilbert came in No. 3 with Scottsdale following at No. 8. The same three cities also ranked among the top 10 most prosperous U.S. cities, according to a 2017 report from…

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The Amazon Sweepstakes and the Memphis Consolidation Prize

/   Staff, Smart City Memphis

Here’s the thing: the most troubling evidence that our tax abatement policies are falling short is that while the poverty rate and the child poverty rates in the U.S. went down last year, they went up in Memphis. In the ranking of most distressed cities by the Economic Innovation Group, Memphis moved from #9 last…

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The Economic Innovation Group Urges Congress to Ensure Benefits of Tax Reform are Shared by More Americans

Washington, D.C. – Today, the House of Representatives unveiled its tax reform framework. The Economic Innovation Group (EIG) released the following statement: “Tax reform presents a critical opportunity to address the lack of economic growth and opportunity in America’s distressed communities. Tens of millions of Americans live in parts of the country that have seen no…

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Some Banks Are Too Small to Succeed

/   Joe Ricketts, Wall Street Journal

What’s at the core of new business creation? Entrepreneurs. You know, those stubborn dreamers who can’t help but imagine how the world should be and then try to build businesses that move in that direction. Yet even though entrepreneurs can be found throughout the U.S., the capital they need for new businesses has become increasingly…

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For many cities chasing HQ2, their futures are at stake

/   Jon Talton, The Seattle Times

In Cincinnati, nearly 53 percent of residents live in economically distressed ZIP codes, with only 6 percent in prosperous ones. By contrast, barely 2 percent of Seattle city residents are in distressed ZIPs, and nearly 53 percent in prosperous ones. These data come from the Economic Innovation Group’s latest Distressed Communities Index. … By: Jon Talton, The…

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The city Amazon picks for its second headquarters will change forever

/   Kaya Yurieff and Julia Horowitz, CNNtech

“Bringing in up to 50,000 jobs into a city is pretty much an event you can’t duplicate any other way. … It’s akin to winning the lottery,” said Steve Glickman, cofounder and executive director of the Economic Innovation Group. […] Overall, HQ2 will be a “net positive” for the winning city, said John Lettieri, cofounder and…

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