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IRS Publishes Second Round of Proposed OZ Guidance

IRS Publishes Second Round of Proposed Opportunity Zones Guidance, Opening the Door for More and Diverse Investments in Distressed Communities On April 17, 2019, the Treasury Department released a second set of proposed regulations relating to the operation of Qualified Opportunity Zones (QOZs) and Qualified Opportunity Funds (QOFs).  While several key questions remain, the regulations…

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Towards a more socially and spatially inclusive innovation economy

By Kenan Fikri, Research Director, Economic Innovation Group The innovation- and technology-led economic development model of the past couple of decades rested on two beliefs that, in retrospect, were overly optimistic: That, within countries, technology would be a force both for economic diffusion geographically and for economic inclusion socially. Yet, instead of spreading economic activity,…

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EIG kicks off Opportunity Zones Webinar Series

The Economic Innovation Group held its first Opportunity Zones webinar for investors, community leaders, and stakeholders eager to take advantage of the Opportunity Zones incentive. A recording of the webinar can be found here with the slides here. EIG’s Catherine Lyons and Rachel Reilly led the webinar, walking participants through the basics of Opportunity Zones, regulatory actions from…

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The Divided City: An Author Q&A with Alan Mallach

This article is the second in a new EIG Authors Series in which we explore policy issues and ideas with experts from diverse backgrounds and across the ideological spectrum. Here, Alan Mallach, a senior fellow at the Center for Community Progress discusses his recent book, The Divided City: Poverty and Prosperity in Urban America. Mallach’s…

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Economic Innovation Group Welcomes Rachel Reilly as Director of Impact Strategy

Washington, D.C. – The Economic Innovation Group (EIG) today announced that Rachel Reilly has joined the organization as director of impact strategy. In her new role, Rachel will take the lead on EIG’s efforts to support communities, policymakers and investors in their efforts to catalyze sustainable economic growth across the country through Opportunity Zones and…

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