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2020, and vaccine
AMERICAN RESCUE PLAN ACT INCLUDES ASSISTANCE FOR SMALL By Catherine Lyons. Last week President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021.The legislation includes several provisions to provide continued or additional assistance tosmall businesses.
EIG URGES CONGRESS AND THE ADMINISTRATION TO ADOPT Washington, D.C. – Today, the Economic Innovation Group (EIG) released a policy proposal to offer emergency lending to small businesses affected by the economic crisis caused by the COVID-19 outbreak. The proposal, authored by EIG’s President and CEO John Lettieri and Upwork Chief Economist and EIG Economic Advisory Board member Adam Ozimek, would address the CRA, RACISM & THE FEDERAL RESERVE: A MIDWEST PERSPECTIVE CRA, Racism & the Federal Reserve: A Midwest Perspective. Jan 13, 2021. By: Emily Garr Pacetti, VP & Community Affairs Officer, Federal Reserve Bank of Cleveland. The views expressed here are my own and not the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System. The Community Reinvestment Act, or CRA, passed in 1977in
THE INCOME AND WEALTH INEQUALITY CRISIS IN AMERICA By: John W. Lettieri, President and Chief Executive Officer of the Economic Innovation Group (EIG)1 Chairman Sanders, Ranking Member Graham, and members of the committee: Thank you for the privilege of testifying today on the challenge of inequality in the United States. My testimony is organized around four distinct aspects of tackling economic inequality and THE NEIGHBORHOOD POVERTY PROJECT EIG’s latest research initiative, the Neighborhood Poverty Project, tracks changes in the number and composition of metropolitan high-poverty neighborhoods from 1980 to 2018. It finds that the number of neighborhoods in which 30 percent or more of the population lives in poverty doubled from 1980 to 2010 and has remained stubbornly high WHAT IF LOW-INCOME AMERICAN WORKERS HAD ACCESS TO WEALTH Economic Innovation Group 3 Inclusie Wealth Building Initiatie 2. By the time workers are in their 50s, many have found it nearly impossible to have saved enough for their looming retirement (Ghilarducci, Papadopoulos, and Webb 2018). EMPOWERING ENTREPRENEURS AND INVESTORS TO FORGE A MOREABOUTNEWSEVENTSRESEARCHOPPORTUNITY ZONESEXECUTIVE TEAM AND STAFF Events Rise of Remote Series: Exploring Trends in Remote Work Post-COVID 06.16.2021 - 07.14.2021. Rise of Remote Series: Exploring Trends in Remote Work Post-COVID The COVID-19 public health crisis pushed approximately half of the American workforce out of their physical offices and into the remote at an unprecedented speed. 2020 DCI INTERACTIVE MAP Methodology The Distressed Communities Index (DCI) combines seven complementary economic indicators into a single holistic and comparative measure of community well-being. The index is constructed from the U.S. Census Bureau’s American Community Survey 5-Year Estimates and Business Patterns datasets. The seven component metrics of the DCI are: No high school diploma: Percent of THE SPACES BETWEEN US: THE EVOLUTION OF AMERICAN Introduction to the Distressed Communities Index (DCI) The Distressed Communities Index (DCI) examines economic well-being at the zip code level in order to provide a detailed view of the divided landscape of American prosperity. THE STARTUP SURGE CONTINUES INTO 2021 The Startup Surge Continues Into 2021. Apr 21, 2021. By Jimmy O’Donnell. Although the U.S. economy is still in a deep hole from the COVID-induced recession, there are signs of light at the end of the tunnel: employment grew by more than 900,000 in March, new unemployment claims recently reached its lowest level since March2020, and vaccine
AMERICAN RESCUE PLAN ACT INCLUDES ASSISTANCE FOR SMALL By Catherine Lyons. Last week President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021.The legislation includes several provisions to provide continued or additional assistance tosmall businesses.
EIG URGES CONGRESS AND THE ADMINISTRATION TO ADOPT Washington, D.C. – Today, the Economic Innovation Group (EIG) released a policy proposal to offer emergency lending to small businesses affected by the economic crisis caused by the COVID-19 outbreak. The proposal, authored by EIG’s President and CEO John Lettieri and Upwork Chief Economist and EIG Economic Advisory Board member Adam Ozimek, would address the CRA, RACISM & THE FEDERAL RESERVE: A MIDWEST PERSPECTIVE CRA, Racism & the Federal Reserve: A Midwest Perspective. Jan 13, 2021. By: Emily Garr Pacetti, VP & Community Affairs Officer, Federal Reserve Bank of Cleveland. The views expressed here are my own and not the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System. The Community Reinvestment Act, or CRA, passed in 1977in
THE INCOME AND WEALTH INEQUALITY CRISIS IN AMERICA By: John W. Lettieri, President and Chief Executive Officer of the Economic Innovation Group (EIG)1 Chairman Sanders, Ranking Member Graham, and members of the committee: Thank you for the privilege of testifying today on the challenge of inequality in the United States. My testimony is organized around four distinct aspects of tackling economic inequality and THE NEIGHBORHOOD POVERTY PROJECT EIG’s latest research initiative, the Neighborhood Poverty Project, tracks changes in the number and composition of metropolitan high-poverty neighborhoods from 1980 to 2018. It finds that the number of neighborhoods in which 30 percent or more of the population lives in poverty doubled from 1980 to 2010 and has remained stubbornly high WHAT IF LOW-INCOME AMERICAN WORKERS HAD ACCESS TO WEALTH Economic Innovation Group 3 Inclusie Wealth Building Initiatie 2. By the time workers are in their 50s, many have found it nearly impossible to have saved enough for their looming retirement (Ghilarducci, Papadopoulos, and Webb 2018).DCI GET THE DATA
Get the Data. EIG is pleased to make the DCI available for licensing for academic, non-profit, governmental, and business use. Please select the appropriate pathway to explore your options for obtaining the dataset. If you are a member of the press, please contact us atmedia@eig.org.
TAKING THE PULSE OF AMERICA’S SMALL BUSINESS SECTOR: JUNE By Kennedy O’Dell. The U.S. Census Bureau’s Small Business Pulse Survey provides weekly insight into the condition of the country’s small business sector as this unprecedented economic crisis unfolds. This analysis covers data from May 24th to June 6th. Here are six things we learned about the small business economy last week: UPWORK AND ECONOMIC INNOVATION GROUP TO CO-HOST REMOTE Event to feature thought leaders from Distribute, Harvard Business School, Tulsa Remote, Pew Charitable Trusts, ZipRecruiter and more San Francisco, CA – June 10, 2021 – Upwork Inc. (Nasdaq: UPWK), the world’s work marketplace, and the Economic Innovation Group (EIG) announced today that they will co-host a three-part virtual event series exploring the long-term economic, policy, and 2020 DCI METHODOLOGY Methodology The Distressed Communities Index (DCI) combines seven complementary economic indicators into a single holistic and comparative measure of community well-being. The index is constructed from the U.S. Census Bureau’s American Community Survey 5-Year Estimates and Business Patterns datasets. The seven component metrics of the DCI are: No high school diploma: Percent of EIG URGES CONGRESS AND THE ADMINISTRATION TO ADOPT Washington, D.C. – Today, the Economic Innovation Group (EIG) released a policy proposal to offer emergency lending to small businesses affected by the economic crisis caused by the COVID-19 outbreak. The proposal, authored by EIG’s President and CEO John Lettieri and Upwork Chief Economist and EIG Economic Advisory Board member Adam Ozimek, would address the EIG OZ WEBINAR SERIES By Rachel Reilly. On June 2, the Economic Innovation Group (EIG) hosted a webinar to discuss strategies for engaging investors in Opportunity Zones (OZ) transactions. Guest speakers shared their experience raising capital for OZ deals, insights on current investor behavior, and strategies for engaging a wide array of OZ-motivated and impact investors in locally-based projects and operating AMERICAN RESCUE PLAN ACT INCLUDES ASSISTANCE FOR SMALL By Catherine Lyons. Last week President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021.The legislation includes several provisions to provide continued or additional assistance tosmall businesses.
OPPORTUNITY ZONES FACTS AND FIGURES Facts & Figures NOTE: Figures were updated in December 2020 based on the U.S. Census Bureau’s American Community Survey 2015-2019 5-year estimates. In the summer of 2018, the U.S. Department of the Treasury certified 8,766 individual census tracts across all 50 states, six territories, and the District of Columbia as Opportunity Zones. 294Opportunity Zones
INDEX OF STATE DYNAMISM Index of State Dynamism. The term economic dynamism refers to the rate and direction of change in an economy. It traditionally encompasses activities like the rate of new business formation, the frequency of labor market turnover, and the geographic mobility of the workforce. THE CASE AGAINST "SMART DECLINE" By Jason Segedy, Director of Planning and Urban Development for the City of Akron, OH. He is EIG’s inaugural legacy cities fellow. EIG’s Legacy Cities Series is a collection of research and commentary on America’s older industrial cities.. Nearly two decades ago, the concept of “smart decline” gained serious traction in legacy cities, most notably in Detroit and Youngstown. EMPOWERING ENTREPRENEURS AND INVESTORS TO FORGE A MOREABOUTNEWSEVENTSRESEARCHOPPORTUNITY ZONESEXECUTIVE TEAM AND STAFF Events Rise of Remote Series: Exploring Trends in Remote Work Post-COVID 06.16.2021 - 07.14.2021. Rise of Remote Series: Exploring Trends in Remote Work Post-COVID The COVID-19 public health crisis pushed approximately half of the American workforce out of their physical offices and into the remote at an unprecedented speed. 2020 DCI INTERACTIVE MAP Methodology The Distressed Communities Index (DCI) combines seven complementary economic indicators into a single holistic and comparative measure of community well-being. The index is constructed from the U.S. Census Bureau’s American Community Survey 5-Year Estimates and Business Patterns datasets. The seven component metrics of the DCI are: No high school diploma: Percent of THE SPACES BETWEEN US: THE EVOLUTION OF AMERICAN Introduction to the Distressed Communities Index (DCI) The Distressed Communities Index (DCI) examines economic well-being at the zip code level in order to provide a detailed view of the divided landscape of American prosperity. THE STARTUP SURGE CONTINUES INTO 2021 The Startup Surge Continues Into 2021. Apr 21, 2021. By Jimmy O’Donnell. Although the U.S. economy is still in a deep hole from the COVID-induced recession, there are signs of light at the end of the tunnel: employment grew by more than 900,000 in March, new unemployment claims recently reached its lowest level since March2020, and vaccine
AMERICAN RESCUE PLAN ACT INCLUDES ASSISTANCE FOR SMALL By Catherine Lyons. Last week President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021.The legislation includes several provisions to provide continued or additional assistance tosmall businesses.
EIG URGES CONGRESS AND THE ADMINISTRATION TO ADOPT Washington, D.C. – Today, the Economic Innovation Group (EIG) released a policy proposal to offer emergency lending to small businesses affected by the economic crisis caused by the COVID-19 outbreak. The proposal, authored by EIG’s President and CEO John Lettieri and Upwork Chief Economist and EIG Economic Advisory Board member Adam Ozimek, would address the CRA, RACISM & THE FEDERAL RESERVE: A MIDWEST PERSPECTIVE CRA, Racism & the Federal Reserve: A Midwest Perspective. Jan 13, 2021. By: Emily Garr Pacetti, VP & Community Affairs Officer, Federal Reserve Bank of Cleveland. The views expressed here are my own and not the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System. The Community Reinvestment Act, or CRA, passed in 1977in
THE INCOME AND WEALTH INEQUALITY CRISIS IN AMERICA By: John W. Lettieri, President and Chief Executive Officer of the Economic Innovation Group (EIG)1 Chairman Sanders, Ranking Member Graham, and members of the committee: Thank you for the privilege of testifying today on the challenge of inequality in the United States. My testimony is organized around four distinct aspects of tackling economic inequality and THE NEIGHBORHOOD POVERTY PROJECT EIG’s latest research initiative, the Neighborhood Poverty Project, tracks changes in the number and composition of metropolitan high-poverty neighborhoods from 1980 to 2018. It finds that the number of neighborhoods in which 30 percent or more of the population lives in poverty doubled from 1980 to 2010 and has remained stubbornly high WHAT IF LOW-INCOME AMERICAN WORKERS HAD ACCESS TO WEALTH Economic Innovation Group 3 Inclusie Wealth Building Initiatie 2. By the time workers are in their 50s, many have found it nearly impossible to have saved enough for their looming retirement (Ghilarducci, Papadopoulos, and Webb 2018). EMPOWERING ENTREPRENEURS AND INVESTORS TO FORGE A MOREABOUTNEWSEVENTSRESEARCHOPPORTUNITY ZONESEXECUTIVE TEAM AND STAFF Events Rise of Remote Series: Exploring Trends in Remote Work Post-COVID 06.16.2021 - 07.14.2021. Rise of Remote Series: Exploring Trends in Remote Work Post-COVID The COVID-19 public health crisis pushed approximately half of the American workforce out of their physical offices and into the remote at an unprecedented speed. 2020 DCI INTERACTIVE MAP Methodology The Distressed Communities Index (DCI) combines seven complementary economic indicators into a single holistic and comparative measure of community well-being. The index is constructed from the U.S. Census Bureau’s American Community Survey 5-Year Estimates and Business Patterns datasets. The seven component metrics of the DCI are: No high school diploma: Percent of THE SPACES BETWEEN US: THE EVOLUTION OF AMERICAN Introduction to the Distressed Communities Index (DCI) The Distressed Communities Index (DCI) examines economic well-being at the zip code level in order to provide a detailed view of the divided landscape of American prosperity. THE STARTUP SURGE CONTINUES INTO 2021 The Startup Surge Continues Into 2021. Apr 21, 2021. By Jimmy O’Donnell. Although the U.S. economy is still in a deep hole from the COVID-induced recession, there are signs of light at the end of the tunnel: employment grew by more than 900,000 in March, new unemployment claims recently reached its lowest level since March2020, and vaccine
AMERICAN RESCUE PLAN ACT INCLUDES ASSISTANCE FOR SMALL By Catherine Lyons. Last week President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021.The legislation includes several provisions to provide continued or additional assistance tosmall businesses.
EIG URGES CONGRESS AND THE ADMINISTRATION TO ADOPT Washington, D.C. – Today, the Economic Innovation Group (EIG) released a policy proposal to offer emergency lending to small businesses affected by the economic crisis caused by the COVID-19 outbreak. The proposal, authored by EIG’s President and CEO John Lettieri and Upwork Chief Economist and EIG Economic Advisory Board member Adam Ozimek, would address the CRA, RACISM & THE FEDERAL RESERVE: A MIDWEST PERSPECTIVE CRA, Racism & the Federal Reserve: A Midwest Perspective. Jan 13, 2021. By: Emily Garr Pacetti, VP & Community Affairs Officer, Federal Reserve Bank of Cleveland. The views expressed here are my own and not the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System. The Community Reinvestment Act, or CRA, passed in 1977in
THE INCOME AND WEALTH INEQUALITY CRISIS IN AMERICA By: John W. Lettieri, President and Chief Executive Officer of the Economic Innovation Group (EIG)1 Chairman Sanders, Ranking Member Graham, and members of the committee: Thank you for the privilege of testifying today on the challenge of inequality in the United States. My testimony is organized around four distinct aspects of tackling economic inequality and THE NEIGHBORHOOD POVERTY PROJECT EIG’s latest research initiative, the Neighborhood Poverty Project, tracks changes in the number and composition of metropolitan high-poverty neighborhoods from 1980 to 2018. It finds that the number of neighborhoods in which 30 percent or more of the population lives in poverty doubled from 1980 to 2010 and has remained stubbornly high WHAT IF LOW-INCOME AMERICAN WORKERS HAD ACCESS TO WEALTH Economic Innovation Group 3 Inclusie Wealth Building Initiatie 2. By the time workers are in their 50s, many have found it nearly impossible to have saved enough for their looming retirement (Ghilarducci, Papadopoulos, and Webb 2018).DCI GET THE DATA
Get the Data. EIG is pleased to make the DCI available for licensing for academic, non-profit, governmental, and business use. Please select the appropriate pathway to explore your options for obtaining the dataset. If you are a member of the press, please contact us atmedia@eig.org.
TAKING THE PULSE OF AMERICA’S SMALL BUSINESS SECTOR: JUNE By Kennedy O’Dell. The U.S. Census Bureau’s Small Business Pulse Survey provides weekly insight into the condition of the country’s small business sector as this unprecedented economic crisis unfolds. This analysis covers data from May 24th to June 6th. Here are six things we learned about the small business economy last week: UPWORK AND ECONOMIC INNOVATION GROUP TO CO-HOST REMOTE Event to feature thought leaders from Distribute, Harvard Business School, Tulsa Remote, Pew Charitable Trusts, ZipRecruiter and more San Francisco, CA – June 10, 2021 – Upwork Inc. (Nasdaq: UPWK), the world’s work marketplace, and the Economic Innovation Group (EIG) announced today that they will co-host a three-part virtual event series exploring the long-term economic, policy, and 2020 DCI METHODOLOGY Methodology The Distressed Communities Index (DCI) combines seven complementary economic indicators into a single holistic and comparative measure of community well-being. The index is constructed from the U.S. Census Bureau’s American Community Survey 5-Year Estimates and Business Patterns datasets. The seven component metrics of the DCI are: No high school diploma: Percent of EIG URGES CONGRESS AND THE ADMINISTRATION TO ADOPT Washington, D.C. – Today, the Economic Innovation Group (EIG) released a policy proposal to offer emergency lending to small businesses affected by the economic crisis caused by the COVID-19 outbreak. The proposal, authored by EIG’s President and CEO John Lettieri and Upwork Chief Economist and EIG Economic Advisory Board member Adam Ozimek, would address the EIG OZ WEBINAR SERIES By Rachel Reilly. On June 2, the Economic Innovation Group (EIG) hosted a webinar to discuss strategies for engaging investors in Opportunity Zones (OZ) transactions. Guest speakers shared their experience raising capital for OZ deals, insights on current investor behavior, and strategies for engaging a wide array of OZ-motivated and impact investors in locally-based projects and operating AMERICAN RESCUE PLAN ACT INCLUDES ASSISTANCE FOR SMALL By Catherine Lyons. Last week President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021.The legislation includes several provisions to provide continued or additional assistance tosmall businesses.
OPPORTUNITY ZONES FACTS AND FIGURES Facts & Figures NOTE: Figures were updated in December 2020 based on the U.S. Census Bureau’s American Community Survey 2015-2019 5-year estimates. In the summer of 2018, the U.S. Department of the Treasury certified 8,766 individual census tracts across all 50 states, six territories, and the District of Columbia as Opportunity Zones. 294Opportunity Zones
INDEX OF STATE DYNAMISM Index of State Dynamism. The term economic dynamism refers to the rate and direction of change in an economy. It traditionally encompasses activities like the rate of new business formation, the frequency of labor market turnover, and the geographic mobility of the workforce. THE CASE AGAINST "SMART DECLINE" By Jason Segedy, Director of Planning and Urban Development for the City of Akron, OH. He is EIG’s inaugural legacy cities fellow. EIG’s Legacy Cities Series is a collection of research and commentary on America’s older industrial cities.. Nearly two decades ago, the concept of “smart decline” gained serious traction in legacy cities, most notably in Detroit and Youngstown. EMPOWERING ENTREPRENEURS AND INVESTORS TO FORGE A MOREABOUTNEWSEVENTSRESEARCHOPPORTUNITY ZONESEXECUTIVE TEAM AND STAFF Events Rise of Remote Series: Exploring Trends in Remote Work Post-COVID 06.16.2021 - 07.14.2021. Rise of Remote Series: Exploring Trends in Remote Work Post-COVID The COVID-19 public health crisis pushed approximately half of the American workforce out of their physical offices and into the remote at an unprecedented speed. 2020 DCI INTERACTIVE MAP Methodology The Distressed Communities Index (DCI) combines seven complementary economic indicators into a single holistic and comparative measure of community well-being. The index is constructed from the U.S. Census Bureau’s American Community Survey 5-Year Estimates and Business Patterns datasets. The seven component metrics of the DCI are: No high school diploma: Percent of THE SPACES BETWEEN US: THE EVOLUTION OF AMERICAN Introduction to the Distressed Communities Index (DCI) The Distressed Communities Index (DCI) examines economic well-being at the zip code level in order to provide a detailed view of the divided landscape of American prosperity. THE STARTUP SURGE CONTINUES INTO 2021 The Startup Surge Continues Into 2021. Apr 21, 2021. By Jimmy O’Donnell. Although the U.S. economy is still in a deep hole from the COVID-induced recession, there are signs of light at the end of the tunnel: employment grew by more than 900,000 in March, new unemployment claims recently reached its lowest level since March2020, and vaccine
AMERICAN RESCUE PLAN ACT INCLUDES ASSISTANCE FOR SMALL By Catherine Lyons. Last week President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021.The legislation includes several provisions to provide continued or additional assistance tosmall businesses.
EIG URGES CONGRESS AND THE ADMINISTRATION TO ADOPT Washington, D.C. – Today, the Economic Innovation Group (EIG) released a policy proposal to offer emergency lending to small businesses affected by the economic crisis caused by the COVID-19 outbreak. The proposal, authored by EIG’s President and CEO John Lettieri and Upwork Chief Economist and EIG Economic Advisory Board member Adam Ozimek, would address the CRA, RACISM & THE FEDERAL RESERVE: A MIDWEST PERSPECTIVE CRA, Racism & the Federal Reserve: A Midwest Perspective. Jan 13, 2021. By: Emily Garr Pacetti, VP & Community Affairs Officer, Federal Reserve Bank of Cleveland. The views expressed here are my own and not the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System. The Community Reinvestment Act, or CRA, passed in 1977in
THE INCOME AND WEALTH INEQUALITY CRISIS IN AMERICA By: John W. Lettieri, President and Chief Executive Officer of the Economic Innovation Group (EIG)1 Chairman Sanders, Ranking Member Graham, and members of the committee: Thank you for the privilege of testifying today on the challenge of inequality in the United States. My testimony is organized around four distinct aspects of tackling economic inequality and THE NEIGHBORHOOD POVERTY PROJECT EIG’s latest research initiative, the Neighborhood Poverty Project, tracks changes in the number and composition of metropolitan high-poverty neighborhoods from 1980 to 2018. It finds that the number of neighborhoods in which 30 percent or more of the population lives in poverty doubled from 1980 to 2010 and has remained stubbornly high WHAT IF LOW-INCOME AMERICAN WORKERS HAD ACCESS TO WEALTH Economic Innovation Group 3 Inclusie Wealth Building Initiatie 2. By the time workers are in their 50s, many have found it nearly impossible to have saved enough for their looming retirement (Ghilarducci, Papadopoulos, and Webb 2018). EMPOWERING ENTREPRENEURS AND INVESTORS TO FORGE A MOREABOUTNEWSEVENTSRESEARCHOPPORTUNITY ZONESEXECUTIVE TEAM AND STAFF Events Rise of Remote Series: Exploring Trends in Remote Work Post-COVID 06.16.2021 - 07.14.2021. Rise of Remote Series: Exploring Trends in Remote Work Post-COVID The COVID-19 public health crisis pushed approximately half of the American workforce out of their physical offices and into the remote at an unprecedented speed. 2020 DCI INTERACTIVE MAP Methodology The Distressed Communities Index (DCI) combines seven complementary economic indicators into a single holistic and comparative measure of community well-being. The index is constructed from the U.S. Census Bureau’s American Community Survey 5-Year Estimates and Business Patterns datasets. The seven component metrics of the DCI are: No high school diploma: Percent of THE SPACES BETWEEN US: THE EVOLUTION OF AMERICAN Introduction to the Distressed Communities Index (DCI) The Distressed Communities Index (DCI) examines economic well-being at the zip code level in order to provide a detailed view of the divided landscape of American prosperity. THE STARTUP SURGE CONTINUES INTO 2021 The Startup Surge Continues Into 2021. Apr 21, 2021. By Jimmy O’Donnell. Although the U.S. economy is still in a deep hole from the COVID-induced recession, there are signs of light at the end of the tunnel: employment grew by more than 900,000 in March, new unemployment claims recently reached its lowest level since March2020, and vaccine
AMERICAN RESCUE PLAN ACT INCLUDES ASSISTANCE FOR SMALL By Catherine Lyons. Last week President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021.The legislation includes several provisions to provide continued or additional assistance tosmall businesses.
EIG URGES CONGRESS AND THE ADMINISTRATION TO ADOPT Washington, D.C. – Today, the Economic Innovation Group (EIG) released a policy proposal to offer emergency lending to small businesses affected by the economic crisis caused by the COVID-19 outbreak. The proposal, authored by EIG’s President and CEO John Lettieri and Upwork Chief Economist and EIG Economic Advisory Board member Adam Ozimek, would address the CRA, RACISM & THE FEDERAL RESERVE: A MIDWEST PERSPECTIVE CRA, Racism & the Federal Reserve: A Midwest Perspective. Jan 13, 2021. By: Emily Garr Pacetti, VP & Community Affairs Officer, Federal Reserve Bank of Cleveland. The views expressed here are my own and not the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System. The Community Reinvestment Act, or CRA, passed in 1977in
THE INCOME AND WEALTH INEQUALITY CRISIS IN AMERICA By: John W. Lettieri, President and Chief Executive Officer of the Economic Innovation Group (EIG)1 Chairman Sanders, Ranking Member Graham, and members of the committee: Thank you for the privilege of testifying today on the challenge of inequality in the United States. My testimony is organized around four distinct aspects of tackling economic inequality and THE NEIGHBORHOOD POVERTY PROJECT EIG’s latest research initiative, the Neighborhood Poverty Project, tracks changes in the number and composition of metropolitan high-poverty neighborhoods from 1980 to 2018. It finds that the number of neighborhoods in which 30 percent or more of the population lives in poverty doubled from 1980 to 2010 and has remained stubbornly high WHAT IF LOW-INCOME AMERICAN WORKERS HAD ACCESS TO WEALTH Economic Innovation Group 3 Inclusie Wealth Building Initiatie 2. By the time workers are in their 50s, many have found it nearly impossible to have saved enough for their looming retirement (Ghilarducci, Papadopoulos, and Webb 2018). TAKING THE PULSE OF AMERICA’S SMALL BUSINESS SECTOR: JUNE By Kennedy O’Dell. The U.S. Census Bureau’s Small Business Pulse Survey provides weekly insight into the condition of the country’s small business sector as this unprecedented economic crisis unfolds. This analysis covers data from May 24th to June 6th. Here are six things we learned about the small business economy last week: UPWORK AND ECONOMIC INNOVATION GROUP TO CO-HOST REMOTE Event to feature thought leaders from Distribute, Harvard Business School, Tulsa Remote, Pew Charitable Trusts, ZipRecruiter and more San Francisco, CA – June 10, 2021 – Upwork Inc. (Nasdaq: UPWK), the world’s work marketplace, and the Economic Innovation Group (EIG) announced today that they will co-host a three-part virtual event series exploring the long-term economic, policy, and EIG OZ WEBINAR SERIES By Rachel Reilly. On June 2, the Economic Innovation Group (EIG) hosted a webinar to discuss strategies for engaging investors in Opportunity Zones (OZ) transactions. Guest speakers shared their experience raising capital for OZ deals, insights on current investor behavior, and strategies for engaging a wide array of OZ-motivated and impact investors in locally-based projects and operating EIG URGES CONGRESS AND THE ADMINISTRATION TO ADOPT Washington, D.C. – Today, the Economic Innovation Group (EIG) released a policy proposal to offer emergency lending to small businesses affected by the economic crisis caused by the COVID-19 outbreak. The proposal, authored by EIG’s President and CEO John Lettieri and Upwork Chief Economist and EIG Economic Advisory Board member Adam Ozimek, would address the 2020 DCI METHODOLOGY Methodology The Distressed Communities Index (DCI) combines seven complementary economic indicators into a single holistic and comparative measure of community well-being. The index is constructed from the U.S. Census Bureau’s American Community Survey 5-Year Estimates and Business Patterns datasets. The seven component metrics of the DCI are: No high school diploma: Percent of THE STARTUP SURGE? UNPACKING 2020 TRENDS IN BUSINESS 1. Business applications were the highest on record in 2020—up 24 percent from the previous year. In 2020, there was an explosion in new business applications, reaching nearly 4.5 million by year’s end—a 24.3 percent increase from 2019 and 51.0 percent higher than the 2010-19 average. Between 2005 and 2019, business applications hovered AMERICAN RESCUE PLAN ACT INCLUDES ASSISTANCE FOR SMALL By Catherine Lyons. Last week President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021.The legislation includes several provisions to provide continued or additional assistance tosmall businesses.
OPPORTUNITY ZONES FACTS AND FIGURES Facts & Figures NOTE: Figures were updated in December 2020 based on the U.S. Census Bureau’s American Community Survey 2015-2019 5-year estimates. In the summer of 2018, the U.S. Department of the Treasury certified 8,766 individual census tracts across all 50 states, six territories, and the District of Columbia as Opportunity Zones. 294Opportunity Zones
DCI GET THE DATA
Get the Data. EIG is pleased to make the DCI available for licensing for academic, non-profit, governmental, and business use. Please select the appropriate pathway to explore your options for obtaining the dataset. If you are a member of the press, please contact us atmedia@eig.org.
INDEX OF STATE DYNAMISM Index of State Dynamism. The term economic dynamism refers to the rate and direction of change in an economy. It traditionally encompasses activities like the rate of new business formation, the frequency of labor market turnover, and the geographic mobility of the workforce. EMPOWERING ENTREPRENEURS AND INVESTORS TO FORGE A MOREABOUTNEWSEVENTSRESEARCHOPPORTUNITY ZONESEXECUTIVE TEAM AND STAFF EIG is a policy and advocacy organization dedicated to empowering entrepreneurs and investors to forge a more dynamic U.S. economy. 2020 DCI INTERACTIVE MAP Methodology The Distressed Communities Index (DCI) combines seven complementary economic indicators into a single holistic and comparative measure of community well-being. The index is constructed from the U.S. Census Bureau’s American Community Survey 5-Year Estimates and Business Patterns datasets. The seven component metrics of the DCI are: No high school diploma: Percent of THE SPACES BETWEEN US: THE EVOLUTION OF AMERICAN Introduction to the Distressed Communities Index (DCI) The Distressed Communities Index (DCI) examines economic well-being at the zip code level in order to provide a detailed view of the divided landscape of American prosperity. THE STARTUP SURGE CONTINUES INTO 2021 The Startup Surge Continues Into 2021. Apr 21, 2021. By Jimmy O’Donnell. Although the U.S. economy is still in a deep hole from the COVID-induced recession, there are signs of light at the end of the tunnel: employment grew by more than 900,000 in March, new unemployment claims recently reached its lowest level since March2020, and vaccine
EIG URGES CONGRESS AND THE ADMINISTRATION TO ADOPT Washington, D.C. – Today, the Economic Innovation Group (EIG) released a policy proposal to offer emergency lending to small businesses affected by the economic crisis caused by the COVID-19 outbreak. The proposal, authored by EIG’s President and CEO John Lettieri and Upwork Chief Economist and EIG Economic Advisory Board member Adam Ozimek, would address the AMERICAN RESCUE PLAN ACT INCLUDES ASSISTANCE FOR SMALL By Catherine Lyons. Last week President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021.The legislation includes several provisions to provide continued or additional assistance tosmall businesses.
CRA, RACISM & THE FEDERAL RESERVE: A MIDWEST PERSPECTIVE CRA, Racism & the Federal Reserve: A Midwest Perspective. Jan 13, 2021. By: Emily Garr Pacetti, VP & Community Affairs Officer, Federal Reserve Bank of Cleveland. The views expressed here are my own and not the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System. The Community Reinvestment Act, or CRA, passed in 1977in
THE INCOME AND WEALTH INEQUALITY CRISIS IN AMERICA By: John W. Lettieri, President and Chief Executive Officer of the Economic Innovation Group (EIG)1 Chairman Sanders, Ranking Member Graham, and members of the committee: Thank you for the privilege of testifying today on the challenge of inequality in the United States. My testimony is organized around four distinct aspects of tackling economic inequality and WHAT IF LOW-INCOME AMERICAN WORKERS HAD ACCESS TO WEALTH Economic Innovation Group 3 Inclusie Wealth Building Initiatie 2. By the time workers are in their 50s, many have found it nearly impossible to have saved enough for their looming retirement (Ghilarducci, Papadopoulos, and Webb 2018). THE NEW MAP OF ECONOMIC GROWTH AND RECOVERY Economic Innovation Group | 1 CONTENTS 02 04 26 Introduction Findings 04 12 The 2010s recovery was marked by a collapse in new business formation. 21 Conclusion EMPOWERING ENTREPRENEURS AND INVESTORS TO FORGE A MOREABOUTNEWSEVENTSRESEARCHOPPORTUNITY ZONESEXECUTIVE TEAM AND STAFF EIG is a policy and advocacy organization dedicated to empowering entrepreneurs and investors to forge a more dynamic U.S. economy. 2020 DCI INTERACTIVE MAP Methodology The Distressed Communities Index (DCI) combines seven complementary economic indicators into a single holistic and comparative measure of community well-being. The index is constructed from the U.S. Census Bureau’s American Community Survey 5-Year Estimates and Business Patterns datasets. The seven component metrics of the DCI are: No high school diploma: Percent of THE SPACES BETWEEN US: THE EVOLUTION OF AMERICAN Introduction to the Distressed Communities Index (DCI) The Distressed Communities Index (DCI) examines economic well-being at the zip code level in order to provide a detailed view of the divided landscape of American prosperity. THE STARTUP SURGE CONTINUES INTO 2021 The Startup Surge Continues Into 2021. Apr 21, 2021. By Jimmy O’Donnell. Although the U.S. economy is still in a deep hole from the COVID-induced recession, there are signs of light at the end of the tunnel: employment grew by more than 900,000 in March, new unemployment claims recently reached its lowest level since March2020, and vaccine
EIG URGES CONGRESS AND THE ADMINISTRATION TO ADOPT Washington, D.C. – Today, the Economic Innovation Group (EIG) released a policy proposal to offer emergency lending to small businesses affected by the economic crisis caused by the COVID-19 outbreak. The proposal, authored by EIG’s President and CEO John Lettieri and Upwork Chief Economist and EIG Economic Advisory Board member Adam Ozimek, would address the AMERICAN RESCUE PLAN ACT INCLUDES ASSISTANCE FOR SMALL By Catherine Lyons. Last week President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021.The legislation includes several provisions to provide continued or additional assistance tosmall businesses.
CRA, RACISM & THE FEDERAL RESERVE: A MIDWEST PERSPECTIVE CRA, Racism & the Federal Reserve: A Midwest Perspective. Jan 13, 2021. By: Emily Garr Pacetti, VP & Community Affairs Officer, Federal Reserve Bank of Cleveland. The views expressed here are my own and not the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System. The Community Reinvestment Act, or CRA, passed in 1977in
THE INCOME AND WEALTH INEQUALITY CRISIS IN AMERICA By: John W. Lettieri, President and Chief Executive Officer of the Economic Innovation Group (EIG)1 Chairman Sanders, Ranking Member Graham, and members of the committee: Thank you for the privilege of testifying today on the challenge of inequality in the United States. My testimony is organized around four distinct aspects of tackling economic inequality and WHAT IF LOW-INCOME AMERICAN WORKERS HAD ACCESS TO WEALTH Economic Innovation Group 3 Inclusie Wealth Building Initiatie 2. By the time workers are in their 50s, many have found it nearly impossible to have saved enough for their looming retirement (Ghilarducci, Papadopoulos, and Webb 2018). THE NEW MAP OF ECONOMIC GROWTH AND RECOVERY Economic Innovation Group | 1 CONTENTS 02 04 26 Introduction Findings 04 12 The 2010s recovery was marked by a collapse in new business formation. 21 Conclusion AMERICAN RESCUE PLAN ACT INCLUDES ASSISTANCE FOR SMALL By Catherine Lyons. Last week President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021.The legislation includes several provisions to provide continued or additional assistance tosmall businesses.
EIG URGES CONGRESS AND THE ADMINISTRATION TO ADOPT Washington, D.C. – Today, the Economic Innovation Group (EIG) released a policy proposal to offer emergency lending to small businesses affected by the economic crisis caused by the COVID-19 outbreak. The proposal, authored by EIG’s President and CEO John Lettieri and Upwork Chief Economist and EIG Economic Advisory Board member Adam Ozimek, would address the 2020 DCI METHODOLOGY Methodology The Distressed Communities Index (DCI) combines seven complementary economic indicators into a single holistic and comparative measure of community well-being. The index is constructed from the U.S. Census Bureau’s American Community Survey 5-Year Estimates and Business Patterns datasets. The seven component metrics of the DCI are: No high school diploma: Percent ofDCI GET THE DATA
Get the Data. EIG is pleased to make the DCI available for licensing for academic, non-profit, governmental, and business use. Please select the appropriate pathway to explore your options for obtaining the dataset. If you are a member of the press, please contact us atmedia@eig.org.
EIG OZ WEBINAR SERIES: INVESTING ALONG MAIN STREET EIG OZ Webinar Series: Investing Along Main Street. Apr 9, 2020. By Rachel Reilly. On March 30th, the Economic Innovation Group and Main Street America held a webinar to discuss efforts to strengthen small businesses and Main Street areas across the nation. Speakers shared information about programs and community strategies designed tomaximize
EXAMINING THE COST-EFFECTIVENESS OF SMALL-DOLLAR PPP JOB By Kenan Fikri, August Benzow, Nora Esposito, and Kennedy O’Dell Key findings: PPP loans for less than $150,000—representing 86 percent of all loans under the program—targeted many of the hardest-hit industries. Accommodation and food services, retail, and other services such as laundromats and hair salons received much greater shares of small-dollar funding than their INDEX OF STATE DYNAMISM Index of State Dynamism. The term economic dynamism refers to the rate and direction of change in an economy. It traditionally encompasses activities like the rate of new business formation, the frequency of labor market turnover, and the geographic mobility of the workforce. THE PERSISTENCE OF NEIGHBORHOOD POVERTY For initially impoverished neighborhoods, persistent poverty is the norm and major turnarounds are exceedingly rare. Just 14 percent of all neighborhoods that were high poverty in 1980 had successfully turned around by 2018, while 64 percent stayed high poverty. From 1980 to 2018, nearly 4,300 neighborhoods, home to 16 million Americans OPPORTUNITY ZONES: A NEW INCENTIVE FOR INVESTING IN … 1. A qualified Opportunity Fund is a privately managed investment vehicle organized as a corporation or a partnership for the purpose of investing in qualified opportunity zone property (the vehicle must hold at least 90 percent of its assets in such property). THE NEW MAP OF ECONOMIC GROWTH AND RECOVERY Economic Innovation Group | 1 CONTENTS 02 04 26 Introduction Findings 04 12 The 2010s recovery was marked by a collapse in new business formation. 21 Conclusion EMPOWERING ENTREPRENEURS AND INVESTORS TO FORGE A MOREABOUTNEWSEVENTSRESEARCHOPPORTUNITY ZONESEXECUTIVE TEAM AND STAFF EIG is a policy and advocacy organization dedicated to empowering entrepreneurs and investors to forge a more dynamic U.S. economy. 2020 DCI INTERACTIVE MAP Methodology The Distressed Communities Index (DCI) combines seven complementary economic indicators into a single holistic and comparative measure of community well-being. The index is constructed from the U.S. Census Bureau’s American Community Survey 5-Year Estimates and Business Patterns datasets. The seven component metrics of the DCI are: No high school diploma: Percent of EIG URGES CONGRESS AND THE ADMINISTRATION TO ADOPT Washington, D.C. – Today, the Economic Innovation Group (EIG) released a policy proposal to offer emergency lending to small businesses affected by the economic crisis caused by the COVID-19 outbreak. The proposal, authored by EIG’s President and CEO John Lettieri and Upwork Chief Economist and EIG Economic Advisory Board member Adam Ozimek, would address the 2020 DCI METHODOLOGY THE SPACES BETWEEN US: THE EVOLUTION OF AMERICAN Introduction to the Distressed Communities Index (DCI) The Distressed Communities Index (DCI) examines economic well-being at the zip code level in order to provide a detailed view of the divided landscape of American prosperity.DCI GET THE DATA
Get the Data. EIG is pleased to make the DCI available for licensing for academic, non-profit, governmental, and business use. Please select the appropriate pathway to explore your options for obtaining the dataset. If you are a member of the press, please contact us atmedia@eig.org.
THE INCOME AND WEALTH INEQUALITY CRISIS IN AMERICA By: John W. Lettieri, President and Chief Executive Officer of the Economic Innovation Group (EIG)1 Chairman Sanders, Ranking Member Graham, and members of the committee: Thank you for the privilege of testifying today on the challenge of inequality in the United States. My testimony is organized around four distinct aspects of tackling economic inequality andOPPORTUNITY ZONES
Opportunity Zones have the potential to generate the kind of economic activity that can transform lower-income areas across our state. Our economic developers, local governments and investment professionals are well-positioned to put this program to work for Louisiana. John Bel Edwards. Governor of OPPORTUNITY ZONES: A NEW INCENTIVE FOR INVESTING IN … 1. A qualified Opportunity Fund is a privately managed investment vehicle organized as a corporation or a partnership for the purpose of investing in qualified opportunity zone property (the vehicle must hold at least 90 percent of its assets in such property). THE NEW MAP OF ECONOMIC GROWTH AND RECOVERY Economic Innovation Group | 1 CONTENTS 02 04 26 Introduction Findings 04 12 The 2010s recovery was marked by a collapse in new business formation. 21 Conclusion EMPOWERING ENTREPRENEURS AND INVESTORS TO FORGE A MOREABOUTNEWSEVENTSRESEARCHOPPORTUNITY ZONESEXECUTIVE TEAM AND STAFF EIG is a policy and advocacy organization dedicated to empowering entrepreneurs and investors to forge a more dynamic U.S. economy. 2020 DCI INTERACTIVE MAP Methodology The Distressed Communities Index (DCI) combines seven complementary economic indicators into a single holistic and comparative measure of community well-being. The index is constructed from the U.S. Census Bureau’s American Community Survey 5-Year Estimates and Business Patterns datasets. The seven component metrics of the DCI are: No high school diploma: Percent of EIG URGES CONGRESS AND THE ADMINISTRATION TO ADOPT Washington, D.C. – Today, the Economic Innovation Group (EIG) released a policy proposal to offer emergency lending to small businesses affected by the economic crisis caused by the COVID-19 outbreak. The proposal, authored by EIG’s President and CEO John Lettieri and Upwork Chief Economist and EIG Economic Advisory Board member Adam Ozimek, would address the 2020 DCI METHODOLOGY THE SPACES BETWEEN US: THE EVOLUTION OF AMERICAN Introduction to the Distressed Communities Index (DCI) The Distressed Communities Index (DCI) examines economic well-being at the zip code level in order to provide a detailed view of the divided landscape of American prosperity.DCI GET THE DATA
Get the Data. EIG is pleased to make the DCI available for licensing for academic, non-profit, governmental, and business use. Please select the appropriate pathway to explore your options for obtaining the dataset. If you are a member of the press, please contact us atmedia@eig.org.
THE INCOME AND WEALTH INEQUALITY CRISIS IN AMERICA By: John W. Lettieri, President and Chief Executive Officer of the Economic Innovation Group (EIG)1 Chairman Sanders, Ranking Member Graham, and members of the committee: Thank you for the privilege of testifying today on the challenge of inequality in the United States. My testimony is organized around four distinct aspects of tackling economic inequality andOPPORTUNITY ZONES
Opportunity Zones have the potential to generate the kind of economic activity that can transform lower-income areas across our state. Our economic developers, local governments and investment professionals are well-positioned to put this program to work for Louisiana. John Bel Edwards. Governor of OPPORTUNITY ZONES: A NEW INCENTIVE FOR INVESTING IN … 1. A qualified Opportunity Fund is a privately managed investment vehicle organized as a corporation or a partnership for the purpose of investing in qualified opportunity zone property (the vehicle must hold at least 90 percent of its assets in such property). THE NEW MAP OF ECONOMIC GROWTH AND RECOVERY Economic Innovation Group | 1 CONTENTS 02 04 26 Introduction Findings 04 12 The 2010s recovery was marked by a collapse in new business formation. 21 Conclusion PAYCHECK PROTECTION PROGRAM OVERVIEW 4.3 Paycheck Protection Program Overview Updated 4/3/2020 Covered Loan Period •Retroactive to February 15, 2020, through June 30, 2020Application Period
OPPORTUNITY ZONES
Opportunity Zones have the potential to generate the kind of economic activity that can transform lower-income areas across our state. Our economic developers, local governments and investment professionals are well-positioned to put this program to work for Louisiana. John Bel Edwards. Governor of IS THE AMERICAN DREAM ALIVE OR DEAD? IT DEPENDS ON WHERE Just over 150 counties where the American Dream appears to be alive and well are large enough to have spatial inequality scores. Nearly three-quarters of those (73 percent) have below-average spatial inequality scores, meaning well-being is broadly shared across zip codes. These places represent the truest manifestations of theAmerican Dream.
UNDERSTANDING THE PAYCHECK PROTECTION PROGRAM The cornerstone provision is the “Paycheck Protection Program,” an emergency lending facility, administered by the Small Business Administration (SBA) under its 7 (a) lending program, to provide small business loans on favorable terms to borrowers impacted by the current state of economic uncertainty. At $349 billion in new lending capacity INDEX OF STATE DYNAMISM Index of State Dynamism. The term economic dynamism refers to the rate and direction of change in an economy. It traditionally encompasses activities like the rate of new business formation, the frequency of labor market turnover, and the geographic mobility of the workforce. CRA, RACISM & THE FEDERAL RESERVE: A MIDWEST PERSPECTIVE CRA, Racism & the Federal Reserve: A Midwest Perspective. Jan 13, 2021. By: Emily Garr Pacetti, VP & Community Affairs Officer, Federal Reserve Bank of Cleveland. The views expressed here are my own and not the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System. The Community Reinvestment Act, or CRA, passed in 1977in
OZ ACTIVITY MAP
OZ Activity Map - Economic Innovation Group. Address 616 H Street NW Suite 550. Washington DC 20001. Contact info@eig.org. media@eig.org.REDEFINING RURAL
Economic Innovation Group | 3 I t is widely understood that a gap exists in economic prosperity between many rural places and booming metros. This gap, driven WHAT IF LOW-INCOME AMERICAN WORKERS HAD ACCESS TO WEALTH Economic Innovation Group 3 Inclusie Wealth Building Initiatie 2. By the time workers are in their 50s, many have found it nearly impossible to have saved enough for their looming retirement (Ghilarducci, Papadopoulos, and Webb 2018). THE NEW MAP OF ECONOMIC GROWTH AND RECOVERY Economic Innovation Group | 1 CONTENTS 02 04 26 Introduction Findings 04 12 The 2010s recovery was marked by a collapse in new business formation. 21 Conclusion EMPOWERING ENTREPRENEURS AND INVESTORS TO FORGE A MOREABOUTNEWSEVENTSRESEARCHOPPORTUNITY ZONESEXECUTIVE TEAM AND STAFF EIG is a policy and advocacy organization dedicated to empowering entrepreneurs and investors to forge a more dynamic U.S. economy. 2020 DCI INTERACTIVE MAP Methodology The Distressed Communities Index (DCI) combines seven complementary economic indicators into a single holistic and comparative measure of community well-being. The index is constructed from the U.S. Census Bureau’s American Community Survey 5-Year Estimates and Business Patterns datasets. The seven component metrics of the DCI are: No high school diploma: Percent of EIG URGES CONGRESS AND THE ADMINISTRATION TO ADOPTEIG EXCELLENCE IN GOVERNMENTEIG FELLOWSHIPEIG PARTNERSHIPEIG TRAINING Washington, D.C. – Today, the Economic Innovation Group (EIG) released a policy proposal to offer emergency lending to small businesses affected by the economic crisis caused by the COVID-19 outbreak. The proposal, authored by EIG’s President and CEO John Lettieri and Upwork Chief Economist and EIG Economic Advisory Board member Adam Ozimek, would address the 2020 DCI METHODOLOGY THE SPACES BETWEEN US: THE EVOLUTION OF AMERICAN Introduction to the Distressed Communities Index (DCI) The Distressed Communities Index (DCI) examines economic well-being at the zip code level in order to provide a detailed view of the divided landscape of American prosperity.DCI GET THE DATA
Get the Data. EIG is pleased to make the DCI available for licensing for academic, non-profit, governmental, and business use. Please select the appropriate pathway to explore your options for obtaining the dataset. If you are a member of the press, please contact us atmedia@eig.org.
THE INCOME AND WEALTH INEQUALITY CRISIS IN AMERICA By: John W. Lettieri, President and Chief Executive Officer of the Economic Innovation Group (EIG)1 Chairman Sanders, Ranking Member Graham, and members of the committee: Thank you for the privilege of testifying today on the challenge of inequality in the United States. My testimony is organized around four distinct aspects of tackling economic inequality andOPPORTUNITY ZONES
Opportunity Zones have the potential to generate the kind of economic activity that can transform lower-income areas across our state. Our economic developers, local governments and investment professionals are well-positioned to put this program to work for Louisiana. John Bel Edwards. Governor of OPPORTUNITY ZONES: A NEW INCENTIVE FOR INVESTING IN …OPPORTUNITY ZONES CLEVELANDOPPORTUNITY ZONES MAPOPPORTUNITY ZONE OHIOOPPORTUNITYZONE PROGRAM
1. A qualified Opportunity Fund is a privately managed investment vehicle organized as a corporation or a partnership for the purpose of investing in qualified opportunity zone property (the vehicle must hold at least 90 percent of its assets in such property). THE NEW MAP OF ECONOMIC GROWTH AND RECOVERY Economic Innovation Group | 1 CONTENTS 02 04 26 Introduction Findings 04 12 The 2010s recovery was marked by a collapse in new business formation. 21 Conclusion EMPOWERING ENTREPRENEURS AND INVESTORS TO FORGE A MOREABOUTNEWSEVENTSRESEARCHOPPORTUNITY ZONESEXECUTIVE TEAM AND STAFF EIG is a policy and advocacy organization dedicated to empowering entrepreneurs and investors to forge a more dynamic U.S. economy. 2020 DCI INTERACTIVE MAP Methodology The Distressed Communities Index (DCI) combines seven complementary economic indicators into a single holistic and comparative measure of community well-being. The index is constructed from the U.S. Census Bureau’s American Community Survey 5-Year Estimates and Business Patterns datasets. The seven component metrics of the DCI are: No high school diploma: Percent of EIG URGES CONGRESS AND THE ADMINISTRATION TO ADOPTEIG EXCELLENCE IN GOVERNMENTEIG FELLOWSHIPEIG PARTNERSHIPEIG TRAINING Washington, D.C. – Today, the Economic Innovation Group (EIG) released a policy proposal to offer emergency lending to small businesses affected by the economic crisis caused by the COVID-19 outbreak. The proposal, authored by EIG’s President and CEO John Lettieri and Upwork Chief Economist and EIG Economic Advisory Board member Adam Ozimek, would address the 2020 DCI METHODOLOGY THE SPACES BETWEEN US: THE EVOLUTION OF AMERICAN Introduction to the Distressed Communities Index (DCI) The Distressed Communities Index (DCI) examines economic well-being at the zip code level in order to provide a detailed view of the divided landscape of American prosperity.DCI GET THE DATA
Get the Data. EIG is pleased to make the DCI available for licensing for academic, non-profit, governmental, and business use. Please select the appropriate pathway to explore your options for obtaining the dataset. If you are a member of the press, please contact us atmedia@eig.org.
THE INCOME AND WEALTH INEQUALITY CRISIS IN AMERICA By: John W. Lettieri, President and Chief Executive Officer of the Economic Innovation Group (EIG)1 Chairman Sanders, Ranking Member Graham, and members of the committee: Thank you for the privilege of testifying today on the challenge of inequality in the United States. My testimony is organized around four distinct aspects of tackling economic inequality andOPPORTUNITY ZONES
Opportunity Zones have the potential to generate the kind of economic activity that can transform lower-income areas across our state. Our economic developers, local governments and investment professionals are well-positioned to put this program to work for Louisiana. John Bel Edwards. Governor of OPPORTUNITY ZONES: A NEW INCENTIVE FOR INVESTING IN …OPPORTUNITY ZONES CLEVELANDOPPORTUNITY ZONES MAPOPPORTUNITY ZONE OHIOOPPORTUNITYZONE PROGRAM
1. A qualified Opportunity Fund is a privately managed investment vehicle organized as a corporation or a partnership for the purpose of investing in qualified opportunity zone property (the vehicle must hold at least 90 percent of its assets in such property). THE NEW MAP OF ECONOMIC GROWTH AND RECOVERY Economic Innovation Group | 1 CONTENTS 02 04 26 Introduction Findings 04 12 The 2010s recovery was marked by a collapse in new business formation. 21 Conclusion PAYCHECK PROTECTION PROGRAM OVERVIEW 4.3 Paycheck Protection Program Overview Updated 4/3/2020 Covered Loan Period •Retroactive to February 15, 2020, through June 30, 2020Application Period
OPPORTUNITY ZONES
Opportunity Zones have the potential to generate the kind of economic activity that can transform lower-income areas across our state. Our economic developers, local governments and investment professionals are well-positioned to put this program to work for Louisiana. John Bel Edwards. Governor of IS THE AMERICAN DREAM ALIVE OR DEAD? IT DEPENDS ON WHERE Just over 150 counties where the American Dream appears to be alive and well are large enough to have spatial inequality scores. Nearly three-quarters of those (73 percent) have below-average spatial inequality scores, meaning well-being is broadly shared across zip codes. These places represent the truest manifestations of theAmerican Dream.
UNDERSTANDING THE PAYCHECK PROTECTION PROGRAM The cornerstone provision is the “Paycheck Protection Program,” an emergency lending facility, administered by the Small Business Administration (SBA) under its 7 (a) lending program, to provide small business loans on favorable terms to borrowers impacted by the current state of economic uncertainty. At $349 billion in new lending capacity INDEX OF STATE DYNAMISM Index of State Dynamism. The term economic dynamism refers to the rate and direction of change in an economy. It traditionally encompasses activities like the rate of new business formation, the frequency of labor market turnover, and the geographic mobility of the workforce. CRA, RACISM & THE FEDERAL RESERVE: A MIDWEST PERSPECTIVE CRA, Racism & the Federal Reserve: A Midwest Perspective. Jan 13, 2021. By: Emily Garr Pacetti, VP & Community Affairs Officer, Federal Reserve Bank of Cleveland. The views expressed here are my own and not the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System. The Community Reinvestment Act, or CRA, passed in 1977in
OZ ACTIVITY MAP
OZ Activity Map - Economic Innovation Group. Address 616 H Street NW Suite 550. Washington DC 20001. Contact info@eig.org. media@eig.org.REDEFINING RURAL
Economic Innovation Group | 3 I t is widely understood that a gap exists in economic prosperity between many rural places and booming metros. This gap, driven WHAT IF LOW-INCOME AMERICAN WORKERS HAD ACCESS TO WEALTH Economic Innovation Group 3 Inclusie Wealth Building Initiatie 2. By the time workers are in their 50s, many have found it nearly impossible to have saved enough for their looming retirement (Ghilarducci, Papadopoulos, and Webb 2018). THE NEW MAP OF ECONOMIC GROWTH AND RECOVERY Economic Innovation Group | 1 CONTENTS 02 04 26 Introduction Findings 04 12 The 2010s recovery was marked by a collapse in new business formation. 21 Conclusion Ideas + Advocacy: Advancing innovative solutions to America’s economic challenges.* About
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EMPOWERING ENTREPRENEURS AND INVESTORS TO FORGE A MORE DYNAMIC U.S.ECONOMY
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DISTRESSED COMMUNITIES Revitalizing distressed communities through private investment*
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THE SPACES BETWEEN US The Evolution of American Communities in the New CenturyRead Now
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THE NEIGHBORHOOD POVERTY PROJECT The Expanded Geography of High-Poverty Neighborhoods and Persistence of Neighborhood PovertyRead Now
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Examining the 2020 Election Through Population, Job, and BusinessGrowth
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LATEST NEWS
AS COVID-19 CASES SURGE IN MOST STATES, THE ECONOMIC FALLOUT IS DEEPENING FOR BUSINESSES12.09.2020
Blog , Briefs and Blogs , Crisis and RecoveryAnalysis , Research
By August Benzow Key Takeaway The past few months of the COVID-19 pandemic have stifled economic activity in almost every state and the number of businesses reporting a decrease in revenues is rising again. For example, South Dakota, which has eschewed restrictions on businesses despite soaring case numbers, has seen increasingly fewertrips to retail…
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DC’S ECONOMIC INNOVATION GROUP IS LEADING A CALL FOR MORE PPP FUNDING BEFORE CONGRESS ADJOURNS12.08.2020
In the News
/ Julie Zeglen , Technical.ly Small businesses are a major source of job creation in U.S. But with the coronavirus pandemic, thousands have had to close at least partially, and many are still in danger of closing for good. Accordingly, Penn Quarter-based public policy org Economic Innovation Group (EIG) is leading a national coalition of business groups in pushing Congress to advance small business…Read More
COALITION OF LEADING BUSINESS AND POLICY GROUPS CALL ON CONGRESS TO ENACT IMMEDIATE SMALL BUSINESS RELIEF12.07.2020
Press Release
Washington, D.C. – Today, the Economic Innovation Group (EIG) and a coalition of leading business and policy groups released a letter to congressional leaders urging immediate action to provide crucial relief to small businesses by renewing the Paycheck Protection Program (PPP). As COVID-19 cases soar and states across the nation turn backto partial and…
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EVENTS
OZ WEBINAR SERIES | ELECTION ANALYSIS: WHAT LIES AHEAD FOR OPPORTUNITYZONES
11.16.2020
This is a past event. View a recording of the webinar and EIG’s key takeaways for more information. Join the Economic Innovation Group and guest speakers on Monday, November 16 for expert insights on how the Opportunity Zones policy may be shaped by the Biden Administration and future Congressional action....Learn More
DELIVERING OPPORTUNITY IN INDIANA11.18.2020
This is a past event. View a recording of the webinar and EIG’s key takeaways for more information. Join the Economic Innovation Group (EIG) and the Opportunity Investment Consortium of Indiana on Wednesday, November 18 to learn about the launch of “Delivering Opportunity,” an analytic and strategy playbook developed by...Learn More
OZ WEBINAR SERIES: EVALUATING THE IMPACT OF OPPORTUNITY ZONESINVESTMENTS
10.29.2020
This is a past event. View a recording of the webinar and EIG’s key takeaways for more information. Join the Economic Innovation Group on Thursday, October 29 to learn about the methods Opportunity Fund managers are using to screen investment opportunities for impact. Guest speakers from Catalyst Opportunity Funds and...Learn More
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