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Opportunity 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…
Read moreThe Promise of Opportunity Zones
TESTIMONY BEFORE THE JOINT ECONOMIC COMMITTEE OF THE UNITED STATES CONGRESS JOHN W. LETTIERI, CO-FOUNDER AND PRESIDENT, ECONOMIC INNOVATION GROUP “The Promise of Opportunity Zones” May 17, 2018 Introduction Chairman Paulsen, Ranking Member Heinrich, and members of the committee: it is a pleasure to be with you today. I am the Co-founder and President of the…
Read moreTrade War May Have Limited Impact on Midterms
According to Michael Steele, political analyst and former Republican National Committee chairman, Americans will not see the real impact of tariffs until the second quarter of next year. Hence it is unlikely that trade tensions would affect the elections in November, Steele said on July 11 at an event hosted by Economic Innovation Group (EIG)…
Read moreA fiery populist and a business-friendly centrist: Contrasting paths toward a Democratic resurgence in West Virginia
“If insurance companies can go back to playing the games they played before, they can decide the fate of most of West Virginia,” Manchin said Wednesday at a Washington conference held by the Economic Innovation Group. “Whether they can buy insurance, afford insurance or whether they are one illness away from catastrophic ruin. These are…
Read moreBooker: “We Need To Stop The Bullsh*t Partisanship In This Country”
Sen. Cory Booker (D-NJ) at a ‘Summit on the Economy’ panel on Wednesday pushed for a focus on workers instead of making people “feel bad” if they don’t have an art history degree from a fancy college. Booker pushed for investing in this generation of Americans, just like the economy of our grandparents, and called…
Read moreTreasury rates are low due to belief in ‘new normal’ theory, says Trump’s top economist
“The previous administration’s economists…had convinced everybody that we’re in this new normal,” that had nothing to do with President Barack Obama’s economic policies and was “exogenous,” Hassett said on Wednesday during a moderated discussion at the Summit on the Economy sponsored by the Economic Innovation Group and the Governor’s Woods Foundation.
Read moreNew zones created by tax overhaul draw investor attention
The nation’s newest investment tool is getting some super-sized attention in metro Detroit — and is poised to bring new investment to neighborhoods throughout the region.
Read moreNew tax shelter expected to set off a wave of investment in Colorado
A new federal tax shelter seeks to unlock some of the $6.1 trillion in unrealized capital gains and create a downpour of investments in economically parched areas.
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