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White House Touts Help For Poor Areas — But Questions Endure Over Who’ll Benefit
Smith, who helps lead the White House efforts on the zones and other domestic policy matters, told NPR that the zones help cities and towns draw on private-sector investment in an innovative way. But the federal law does not specify how those funds should be used; investors might build affordable housing — or they might build high-end apartment buildings.
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- Finance
- Region
- North America
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Viewpoint: Are Big Banks Really Serving Cash-Strapped Americans?
Overdraft “protection” can feel like a misnomer, as anyone who has ever been charged an overdraft fee — or a collection of them — knows. “Violation” would be a more appropriate term in many cases.
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- Finance
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- North America
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Viewpoint: Why a Hipster, Vegan, Green Tech Economy Is Not Sustainable
Improving eco-efficiency within a capitalist growth-oriented system will not save the environment.
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- Environment, Technology
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- North America
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Viewpoint: MacKenzie Bezos’ Philanthropy: A Force For Good Or Empty Gesture?
With social responsibility and philanthropy low on Amazon’s priority list until recently, understanding where the recent divorcee may invest her resources is at best a guessing game, though her statement made clear it is a decision to be made with “time, effort and care.”
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- Technology
- Region
- North America
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Tapping Opportunity Zones, Social Impact Investor SoLa Raises Its Biggest Fund
Muoto created SoLa Impact Fund in 2012, aimed at investing in properties in economically distressed areas of South Los Angeles. So he was perfectly positioned to leverage Opportunity Zone legislation. To that end, he recently raised his third and largest fund.
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- Investing
- Region
- North America
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Press Release: Miller Center Seeks Enterprises Serving Migrants, Refugees, and Human Trafficking Survivors
Globally, there are 68.5 million people forcibly displaced from their homes -- 25.5 million of those are refugees -- and a record 258 million migrants, according to the United Nations Refugee Agency and the World Health Organization, respectively. The International Labour Organization estimates human trafficking is a $150 billion industry worldwide, with 40.3 million modern day slaves; 75% are women and girls.
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- Press Release
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- Uncategorized
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- North America
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Press Release: LISC Names Annie Donovan as New COO
The Local Initiatives Support Corporation (LISC) has named Annie Donovan, former director of the federal Community Development Financial Institutions Fund (CDFI Fund) and a national thought leader on community investing, as its new chief operating officer.
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- Investing
- Region
- North America
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Viewpoint: Opportunity Zones Should Deliver More Than Profit and Tax Breaks
Across the country, thousands of communities in or near an opportunity zone could be embarking upon one of the most profound experimental economic programs in generations. Structured correctly, opportunity zone investments can direct billions dollars in private investment toward the kind of new development, skills training and infrastructure upgrades these communities so badly need.
- Region
- North America