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…
Read moreThe Once and Future Worker: A Q&A with author Oren Cass
This article is the first in a new EIG Authors Series in which we explore policy issues and ideas with experts from across the ideological spectrum. In this inaugural piece, EIG’s John Lettieri speaks with the Manhattan Institute’s Oren Cass to discuss his new book, The Once and Future Worker: A Vision for the Renewal of Work in…
Read moreWhat to Know: U.S. Treasury Announces Proposed Guidance on Opportunity Zones
The U.S. Department of the Treasury has issued proposed regulations on the Opportunity Zones tax incentive and the operation of Opportunity Funds. This guidance is a significant first step that will help unlock market activity and economic impact in Opportunity Zones – but only a first step. Many key questions remain unanswered and additional rounds…
Read moreSenate Small Business and Entrepreneurship Hearing on Expanding Opportunities for Small Businesses Through the Tax Code
TESTIMONY BEFORE THE U.S. SENATE COMMITTEE ON SMALL BUSINESS AND ENTREPRENEURSHIP Expanding Opportunities for Small Businesses Through the Tax Code by John Lettieri Introduction Chairman Risch, Ranking Member Cardin, and members of the Committee: My name is John Lettieri and I am the President and Chief Executive Officer of the Economic Innovation Group (EIG), a bipartisan…
Read moreOpportunity Zones: The Map Comes Into Focus
Key takeaways: The first phase of Opportunity Zones implementation is now complete: The U.S. Treasury Secretary has now certified the census tracts nominated by the governor of every U.S. state and territory and the mayor of Washington, D.C. For the next ten years, private investors will be eligible for certain tax benefits in return for…
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