Join the Economic Innovation Group and guest speaker Bruce Katz, Director of the Nowak Metro Finance Lab at Drexel University, for a discussion on community capital strategies during the economic crisis and recovery.
Since mid-March, local governments and nonprofits have responded swiftly to support small businesses impacted by COVID-19 by standing up emergency grant and loan funds. Half of all small businesses do not have the cash reserves needed to cover more than15 days of operations, making this funding a critical bridge tofederal assistance. Many of the same groups charged with implementing local Opportunity Zones strategies are now leading or supporting these rapid-response relief efforts. The tactics used to attract private investment in Opportunity Zones have provided a roadmap for all communities in economic distress to follow as we look toward recovery.
During this webinar we will discuss:
Efforts by the Federal Government to provide relief, including an overview of key initiatives like the Paycheck Protection Program and insights on future activity
Early observations of local emergency funds, including the various structures and key partners
Strategies for increasing private investment in communities facing economic distress based on trends and pilot programs in Opportunity Zones.