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Testimony Before the House Committee on Small Business: “Can Opportunity Zones Address Concerns in the Small Business Economy?”

Watch the Full Testimony By: John W. Lettieri, President and Chief Executive Officer of the Economic Innovation Group (EIG) Introduction[1] Chairman Kim, Ranking Member Hern, and members of the Committee: Thank you for inviting me to testify regarding how the Opportunity Zones tax benefit can be used to support new and growing businesses in struggling…

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EIG’s OZ Webinar Series: What You Need to Know About Opportunity Zones and Operating Businesses

On September 24th, the Economic Innovation Group hosted a webinar to share emerging efforts to support new and growing operating businesses in Opportunity Zones.  Presenters covered a host of topics; from structuring and managing Qualified Opportunity Funds (QOFs), to becoming a Qualified Opportunity Zone Business (QOZBs), to real-time insights on raising capital from Opportunity Zone…

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Minnesota’s Opportunity Zones Conference Puts People and Communities First

Last week, the Minnesota Opportunity Collaborative hosted more than 140 community and business leaders, developers, entrepreneurs, and investors for Minnesota’s first-ever state-wide Opportunity Zones conference. Held in Brooklyn Park, a suburb of Minneapolis, the Be Inspired Summit was illustrative of the non-profit’s three-pronged approach to creating a state-wide Opportunity Zones ecosystem: education, collaboration, and community-focused…

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EIG Webinar on Erie, PA: A City Comes Together to Unlock its Potential

On August 27th, the Economic Innovation Group hosted a webinar with John Persinger, CEO of Erie Downtown Development Corporation. Persinger outlined Erie’s strategy for its eight Opportunity Zones (collectively the Flagship Opportunity Zone) and described how Opportunity Zones equity is being leveraged with additional capital to accelerate the city’s economic growth strategy. A recording of the webinar can be found here, with the…

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“Erie’s Time is Now”: Erie Homecoming features Early Marks of Success in Opportunity Zones

By: Rachel Reilly, Director of Impact Strategy at EIG While working to reinvest in some of the nation’s most distressed zip codes, Erie has made national headlines by taking an approach to Opportunity Zones that is centered on collaboration and innovation. The Economic Innovation Group joined approximately 300 community leaders, investors, government officials, and national…

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