Economic dynamism falls across the US

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Houston’s housing policies may have played an important part in Sunnyside’s decline

/   John D. Harden, Houston Chronicle

A deep look published by the Houston Chronicle last month provided some insight as to what led to Sunnyside’s economic collapse, but additional data work and a report by the U.S. Census Bureau may verify the root cause. Sunnyside, one of Houston’s most southern communities, has been in a state of transition for decades –…

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In America’s Richest State, the Capital Flirts With Bankruptcy

/   Martin Z. Braun, Bloomberg Politics

In Hartford, the woes have been piling up for a while. Like Puerto Rico, which filed a record-setting bankruptcy in May, or even Greece, the city came to the edge in the usual way: slowly, then suddenly. The population declined 23 percent between 1960 and 2000 and has remained stagnant ever since. A third of…

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Nevada ranks low in business study; officials question metrics

/   Nicole Raz, Las Vegas Review-Journal

A new WalletHub study ranks Nevada as the 35th best state in which to start a new business, but Nevada officials question inclusion of some of the metrics used in the study. It’s a low score compared with the rankings the state has recently received. A January study from Gallup found Nevada leads the country…

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Influence of NMTC Seen in New Distressed Areas Tax Incentive

/   Michael Novogradac, Novogradac & Company LLP

Take the Investing in Opportunity Act (H.R. 828, S. 293), which was introduced early this year for the second consecutive session of Congress and which is inspired by the New Markets Tax Credit (NMTC) program–although its supporters specifically point out the absence of tax credits in the language of the bill. If the Investing in…

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Letter to the Editor: Bipartisan legislation would invigorate America’s economy

/   Steve Glickman and John Lettieri, Canton Repository

The good news is that U.S. Reps. David Joyce (OH-14) and Jim Renacci (OH-16) are leading the charge to reverse these trends for Ohio residents by co-sponsoring the Investing in Opportunity Act. This bipartisan legislation is designed to invigorate America’s economy through an innovative approach that connects “left behind” communities with long-term private capital investments….

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Revitalizing Missouri’s ‘left behind’ communities

/   Steve Glickman and John Lettieri, Springfield News-Leader

The demographics of Southern Nevada are growing increasingly young, diverse and wealthy. “People follow the businesses, and the businesses follow the people,” said John Lettieri, co-founder and policy director at the Economic Innovation Group, a Washington, D.C.-based think tank. … By: Steve Glickman and John Lettieri, Springfield News-Leader Read the full article here.

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