LISC Released the Opportunity Zone Playbook Last Week

*Provided by LISC Opportunity Zones promise to drive billions—even trillions—of dollars in long-term investment into low-income urban and rural census tracts across the country. The goal of this new incentive, part of the 2017 Tax Reform and Jobs Act, is to achieve a double bottom line: fueling inclusive local economies in communities that benefit the [...]

2019-06-19T08:50:14+00:00June 19th, 2019|CALED News, Econ Dev News|

Legislature Passes Budget with More Funding for Homelessness, Infrastructure, Emergency Preparedness & Response

*Provided by the League of California Cities The Legislature agreed to invest in significant new investments to shelter homeless Californians, expand housing-related infrastructure and provide safe drinking water to all residents when they passed the FY 2019–20 Budget Act on Thursday, June 13, which establishes the state’s financial plan for the fiscal year that begins [...]

2019-06-19T08:41:13+00:00June 19th, 2019|CALED News, Econ Dev News|

Check Out SelectUSA’s Report on Reshoring and its Impacts

*Provided by SelectUSA “Reshoring and investment expansion have been popular subjects in discussion of the U.S. economy, though little formal research exists on the topic. As SelectUSA renews its commitment to U.S.-owned businesses that are reinvesting in the United States rather than abroad, it is important to understand this knowledge gap. This report uses qualitative [...]

2019-06-11T14:28:31+00:00June 11th, 2019|CALED News, Econ Dev News|

CDFI Fund Awards $3.5B in New Markets Tax Credits

*Provided by CDFI Fund Through the NMTC Program, the CDFI Fund allocates tax credit authority to Community Development Entities (CDEs) through a competitive application process. CDEs are financial intermediaries through which investment capital flows from an investor to a qualified business located in a low-income community. CDEs use their authority to offer tax credits to [...]

2019-06-05T08:42:50+00:00June 5th, 2019|CALED News, Econ Dev News|