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The State of Opportunity Zones

Yesterday, the Internal Revenue Service (IRS) hosted a public hearing on the notice of proposed rulemaking for Investing in Opportunity Funds released last October. The hearing itself was a testament to the enthusiastic interest in the incentive: the line to get into the building was 90 minutes long at times, the auditorium was filled to…

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Economic Innovation Group Welcomes Chris Slevin as Vice President

Washington, D.C. – The Economic Innovation Group (EIG) today announced that Chris Slevin has joined the organization as vice president. In this role, Slevin will play a key role in developing EIG’s policy agenda and advancing its efforts as a leading bipartisan research and advocacy organization. “Chris will be a tremendous asset to EIG and…

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2016 was best year for business formation since the recession, but hold the fireworks

First, the good news The U.S. Census Bureau recently released its 2016 Business Dynamics Statistics, providing the authoritative latest figures on startup activity across all sectors of the U.S. economy. It came bearing modest good news: 2016 was the best year for U.S. business formation since the financial crisis. In total 433,000 new firms launched…

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The State of Socioeconomic Need and Community Change in Opportunity Zones

This paper offers a detailed baselining of prevailing social and economic conditions across the country’s Opportunity Zones. It comes as this new policy is just beginning to take shape. The U.S. Department of the Treasury issued the first of draft of proposed rulemaking in October 2018. Many unknowns remain, including some pertaining to fundamental functions…

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HQ2 and Opportunity Zones: The Big Picture

Amazon’s high-profile HQ2 competition has rightly put the issue of economic development incentives under the microscope. There is plenty of evidence that traditional state and local location incentives are both wasteful and ineffective, creating a race to the bottom among communities. In the case of HQ2, the selection of Long Island City has also raised…

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