The Opportunity Zone tax incentive was conceived as a tool to promote economic development, job creation, poverty reduction, and support for new businesses in areas of concentrated poverty. After a couple of years of sizable investments flowing into these newly designated zones, we wanted to know: Are these investments supporting small business stability and growth, … Continued
The new Opportunity Zone tax incentive was conceived as a tool to promote economic development, job creation, poverty reduction, and support for new businesses in areas of concentrated poverty. A couple years in, is it having the desired effects for small business stability and growth, especially for minority-owned legacy businesses?
Absent major changes, the majority of the nuclear power plants in the U.S. may close in the next few decades. This presents an enormous economic development challenge in what are mostly fairly small or rural communities where these plants are located.
With investments from the Opportunity Zone tax incentive flowing into these newly designated zones for a few years now, our new report sought to find out: Are these investments supporting small business stability and growth, achieving the stated goal of place-based economic development and job creation in distressed communities? If not, why not? And what are the risks and rewards specifically for minority-owned legacy businesses within Opportunity Zones?
The House Select Committee on Climate Change released a new legislative blueprint this week for tackling the climate crisis that incorporates many of SGA’s recommendations across our programs, demonstrating how smart growth is at the very core of any potential plan to reduce emissions.
This week the House will consider the Moving Forward Act, a $1.5 trillion infrastructure bill that reflects many of Smart Growth America’s core priorities, including a new kind of transportation bill, billions to invest in new or rehabilitated affordable housing, and support for more inclusive and equitable development around transit to help give more Americans access to opportunity.
The INVEST Act could be a turning point for the federal transportation program, almost hitting the mark on our principles for transportation investment. But a few amendments could make—or break—the bill. Stay up to date here.
Our economy is at a virtual standstill because of the COVID-19 pandemic. Millions of Americans have lost their jobs and healthcare. Businesses of all sizes are facing an existential threat. Local municipal budgets are being gutted. As we hope for light at the end of the tunnel we’ll need to craft a smart recovery. We leaned on our experience with the stimulus of 2009 and our long expertise in infrastructure and community development to produce a package of federal policy recommendations Congress should consider to build the foundation for a long-lasting recovery.
The economic collapse brought on by the spread of COVID-19 has necessitated urgent action to protect our economy, but we must invest wisely. Funds must go to investments that build lasting economic prosperity and ultimately help all Americans have the opportunity to live in a place that is healthy, prosperous, and resilient. While many sectors of our economy are in need of support, we encourage policy makers to provide support for infrastructure and community revitalization programs.
Fort Scott, Kansas has an incredible network of brick streets to rival any city in the country—an under recognized asset. At a recent workshop, Smart Growth America and local experts looked to build atop this and other assets to make Fort Scott more attractive to current and future residents.