Tucked Into the Tax Bill, a Plan to Help Distressed America

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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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Watch: Bruce Katz on how communities create an OZ prospectus

The Economic Innovation Group partnered with the Minority Business Development Agency and The Enterprise Center in March to convene investors, government officials, community members, developers, and entrepreneurs for a discussion on Opportunity Zones. Rachel Reilly interviewed Bruce Katz, co-founder and director of the Nowak Metro Finance Lab at Drexel University, regarding his work with city…

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Economic Innovation Group Statement on U.S. Treasury’s Second Set of Proposed Rules for Opportunity Zones

Today, the U.S. Department of the Treasury issued the second set of proposed regulations related to Opportunity Zones, a bipartisan initiative included in the Tax Cuts and Jobs Act of 2017. The Economic Innovation Group’s President and CEO, John Lettieri, said, “The success of this initiative depends, first and foremost, upon a regulatory framework that…

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Why Billionaires, All-Star Athletes And Wall Street Leaders Are Joining The Forbes Opportunity Zones Summit

/   Steven Bertoni, Forbes

On May 21, we’re launching our new Forbes Opportunity Zones Summit in Newark, New Jersey.

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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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How ‘Heartland Visas’ Could Reduce Geographic Inequality

/   Richard Florida, CityLab

Place-based immigrant visas could help revitalize America’s left-behind cities and regions, economic researchers say in a new report.

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