Economic Development

Economic activity is a crucial part of a healthy community, whether it’s access to quality jobs for residents, business support, or a functioning, diverse range of retail options.

An Island Where There Is a Standard

Like so many of its counterparts across the country, Brick’s is more than just a barbershop in Albany, N.Y. It’s a haven in a troubled neighborhood.

Are You Subsidizing Big Business?

Massive corporations, not start-ups or local job creators, get the lion's share of state and local development incentives.

The Raw Extraction Economy

By now most people in urban America who pay attention to the news have heard of fracking, the practice of...

Local Leaders Just Gained a New Tool to Address Inequality

A new Brookings Institution analysis confirms what we are feeling: inequality continues to climb in cities, and large income...

What’s Next in Arts & Economic Development

There’s something you should know about me:  I’m a professional amateur.  For the past seven years I’ve been co-writing and...

Advancing Economic Opportunity Through Diversity

Recently, I had the opportunity to participate in an important and powerful conversation about the importance of diversity and inclusion in achieving economic equity at the Opportunity Finance Network (OFN) conference in Denver, Colorado. This is a topic that hits close to home for me. Before I joined JPMorgan Chase, I spent 10 years at […]
person holding Amazon delivery box

Lessons for the U.S.: How the EU Controls Bidding Wars for Jobs and Investment

The European Union’s rules on subsidies limit bidding wars, and make the level of incentives we have seen for Amazon, Foxconn, and other companies completely impossible.

Doing Well by Doing Good

With a little knowledge and effort, investors of many kinds can work with financial advisers to learn how to match their investments with their values and build a meaningful portfolio with solid returns.

Extending a Bank Branch to the Community

The systemic closing of bank branches in low- and moderate-income neighborhoods is followed by payday lenders, pawnshops, and check cashing services stepping in to fill the void.

Let’s Take Advantage of The Bad Times

With city budgets shrinking rapidly, municipal governments are desperate to collect property tax revenue wherever they can find it. So they are moving to...

Time to Bet on Prize-Linked Savings

During 15 years of working within a community development corporation to create and support socially and economically resilient communities, one of my perpetual frustrations...

Q: Do economic development incentives support small businesses?

A. Not very much. Despite the claims of many states, when you look at the numbers, the vast majority of taxpayer dollars directed to economic development go to big corporations.
store closing

The Displacement Crisis of Immigrant-Owned Small Businesses

Growth of new business is a sign of a robust economy, but New York City’s true success hinges on ensuring that all residents have access to opportunity and community resources.

Don’t Go Back to Old Economic Development Ways

Cities have led the way in enacting equity-focused pandemic policies. It’s time to build on that momentum, starting with neighborhoods.

Planning on Shrinking

It’s time to understand that shrinkage is no longer somebody else’s problem.

Keeping the Jobs in House

Humboldt Construction Company, a subsidiary of a Chicago CDC, has been providing local employment for over 30 years. But it hasn't been easy.

CDCs Step In Where Banks Fear to Tread

Early in 2010, the Congressional Oversight Panel for the Troubled Asset Relief Program released a report indicating that half of the $1.4 trillion in...

NSP2 Announcement Coming Soon

HUD Secretary Shaun Donovan is expected to announce the NSP2 grantees, benefitting from nearly $2 billion of neighborhood stabilization program funds made available in...

Maybe Money Really Can Grow On Trees

Guess what? The local food movement is actually good for your local economy! At least that seems to be...

CRA Survives Its Toughest Challenge

There is nothing more exhilarating than to be shot at without result. –Winston Churchill The Community Reinvestment Act (CRA) has survived the most serious attack in...