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New bill does hard job of injecting capital into needy communities

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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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Bipartisan Legislation Looks to Boost Private Investment in Distressed Communities

/   Staff, Initiative for a Competitive Inner City

Sometimes it feels as though there is nothing our policymakers in Washington can agree upon. But amid the discord affecting our nation’s capital is a glimmer of hope: Senators Tim Scott (R-SC) and Cory Booker (D-NJ), and Congressmen Pat Tiberi (R-OH) and Rob Kind (D-WI) have reintroduced legislation that would incentivize the private sector to…

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Congress seeks Trump’s support for investment in distressed communities

/   Kirill Abbakumov, International Economic Development Council

Congressional lawmakers in both chambers aim to obtain support from President Donald Trump for new incentives to help economically distressed communities. Since the beginning of 2017, a group of Republicans have been working to pitch tax incentives for financially troubles areas to President Trump and other administration officials. They are echoing Trump’s calls to revitalize…

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