Peter Hirshberg spoke of Opportunity Zones and localism as “America’s Next Great Frontier” at the Near Future Summit 2019 #NFS19 during their “Local Maximum” session. The capsule focused on how Big Data meets public/private partnerships to bring new solutions to communities in record speed. America loves a frontier, it’s our national myth. Think Kennedy’s New Frontier, or Reagan’s city on a hill. That’s when our national character is best. We’re...
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Opportunity Zones Background Information Originally introduced in the Investing in Opportunity Act (IIOA), the Opportunity Zones Program was enacted as part of the 2017 tax reform package (Tax Cuts and Jobs Act). The program is designed to drive long-term capital to rural and low-income urban communities throughout the nation, and uses tax incentives to encourage private investment in impact funds. Here is a set of links that provide valuable background...
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Connecting the dots: from Maker City® to Opportunity Zones It would be a pretty strange nation that concentrated all its economic goodness in one tiny place and left everywhere else future starved. Yet that’s precisely where we are as a nation. One of the most hopeful economic stories in America is the investment in innovation in cities large and small in the USA. Some of this is being driven by the...
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9 Things We Learned at the Stanford Opportunity Zone Investment Summit On March 18, 2019 we had occasion to attend the Opportunity Zone Investor Summit sponsored by Accelerator for America and Mastercard Center for Inclusive Growth; hosted by the Stanford Global Project Center. Here's what we learned. 1// More deals than capital attended Monday. When one of the speakers did a “raise your hands” poll, only about 15% of the...
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Opportunity Zone Interviews: Videos with Mayor Eric Garcetti and Bruce Katz On March 18, 2019 we had occasion to attend the Opportunity Zone Investor Summit sponsored by Accelerator for America and Mastercard Center for Inclusive Growth; hosted by the Stanford Global Project Center. You can read about what we learned here. Peter Hirshberg, Cofounder & Chairman of Maker City®, had the occasion to interview Mayor Eric Garcetti (Los Angeles) on...
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