Archive for the ‘Press Release’ Category

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EIG Applauds $60 Million in New Opportunity Zone Investments Announced at Erie Homecoming

Washington, D.C. –  Over the last two days, the Economic Innovation Group (EIG) joined community leaders, investors, government officials, and national experts in Erie, Pennsylvania, for “Erie Homecoming 2019 – Unlocking Capital in Legacy Cities,” to recognize the city’s success in leveraging Opportunity Zones to spur a renewal of its downtown and pioneer a new…

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Economic Innovation Group CEO to Testify at IRS Hearing on Opportunity Zones Regulations

Washington, D.C. – Today, John Lettieri, President and CEO of the Economic Innovation Group (EIG), will testify at a public hearing before the Internal Revenue Service (IRS) on behalf of a broad coalition of stakeholders. Lettieri’s remarks will address the comment letter the coalition submitted to the U.S. Department of the Treasury and the IRS…

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Analysis Shows Counties That Flipped to Trump Still Lagging Behind Economically

Washington, D.C. – Today, the Economic Innovation Group (EIG) released a progress report measuring economic growth in the “flipped” counties — which Barack Obama carried in 2008 and 2012 — whose turns were decisive in President Donald Trump’s victory in 2016. EIG’s analysis reveals that these counties experienced slower growth in employment, a slower rise…

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EIG Urges Treasury to Adopt Reporting Framework, Measure Investment Impact in Opportunity Zones

Coalition Urges Treasury to Adopt Reporting Framework, Measure Investment Impact in Opportunity Zones Washington D.C. – The Economic Innovation Group (EIG) recently led a broad coalition of stakeholders in submitting detailed recommendations to the U.S. Department of the Treasury calling for the adoption of a reporting framework for investments in Qualified Opportunity Zones. The comment…

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EIG Applauds Bipartisan Bill on Opportunity Zones Reporting Requirements

The Economic Innovation Group Applauds Bipartisan Bill on Reporting Requirements for Investments in Opportunity Zones Washington, D.C. – The Economic Innovation Group (EIG) welcomed bipartisan Congressional action to affirm the importance of investment transparency in Opportunity Zones, and reinstate impact and outcome reporting measures from the Investing in Opportunity Act.   In the Senate, Senators…

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