The Guide to Making Opportunity Zones Work
Opportunity Zones Map
PHT Opportunity Fund
EIG Opportunity Zones Activity Map
This portal features four maps that highlight the core components of the emerging marketplace:
1. Map of All Activities tracked in Opportunity Zones
2. Map of Investments into Opportunity Zones
3. Map of Funds that have formed to steward investment capital in Opportunity Zones
4. Map of Initiatives at the state and local levels that adapt Opportunity Zones to local priorities
Heartland Visas Report
A new report by the Economic Innovation Group (EIG), authored by Adam Ozimek of Moody’s Analytics, with Kenan Fikri and John Lettieri of EIG, explores the scale and consequences of current U.S. demographic trends and proposes a new place-based policy as a tool to help impacted communities.
Learn more about how elite communities are pulling away in the 21st century race for jobs, businesses, and human capital.
Findings from a new EY & EIG National Survey of Millennials
Millennials are the future of the U.S. economy. But when it comes to their future, and the future of the country, they are a deeply pessimistic generation. EY and EIG conducted a new national public opinion survey of 1,200 Millennials to gauge their views on a variety of issues related to the economy at all levels—personal, local, and national—and the challenges they face almost seven years into the recovery from the Great Recession. Learn about the survey results.
Is the American Dream alive or dead?
OZ Coalition Letter to U.S. Treasury, 7/1/19
Economic Innovation Group
Opportunity Zones Resources
Opportunity Zones Frequently Asked Questions
US Internal Revenue Service
Opportunity Zones Facts & Figures
Economic Innovation Group
Distressed Communities Index
A decade ago, the financial crisis impacted our economy, our politics, and our society in ways few could have expected. Looking back now, we wondered: How did the Great Recession and subsequent recovery affect the health and trajectories of American communities? And how have the rewards of a long national expansion been distributed in local terms across different places and populations?
To find out, EIG used its Distressed Communities Index (DCI) to compare two distinct time periods: 2007-2011 and 2012-2016. The DCI combines seven complementary metrics into a single measure of economic well-being, resulting in a clear snapshot of the economic and social state of the U.S. zip codes, counties, cities, and congressional districts. Places are sorted into quintiles based on their performance on the index: Prosperous, comfortable, mid-tier, at risk, and distressed.
What we found amounts to a “Great Reshuffling” – a sorting of human capital, job creation, and business formation that has had vast implications for Americans and their communities. In the years following the recession, top-tier places have thrived, seeing meteoric growth in jobs, businesses, and population. Meanwhile, the number of people living in America’s most distressed zip codes is shrinking as the nature of distress becomes more rural. But the gaps in well-being between prosperous areas and the rest have grown wider, and national rates of growth have become more distant from the experience of the median community.
Dynamism in Retreat Report
It may come as a surprise that Americans are less likely to start a business, move to another region of the country, or switch jobs now than at any time in recent memory. But dynamism is in retreat nationwide and in nearly every measurable respect. Read the full report.
Index of State Dynamism Report
The term economic dynamism refers to the rate and direction of change in an economy. It traditionally encompasses activities like the rate of new business formation, the frequency of labor market turnover, and the geographic mobility of the workforce. The U.S. economy has historically been one of the most dynamic in the world, and its dynamism has been tied to high rates of economic growth and unparalleled innovation. Troublingly, there are now signs that the U.S. is rapidly growing less dynamic—a trend that, if continued, could fundamentally redefine the economic landscape for future generations.
Why does this matter? Because dynamic economies tend to be more resilient in the face of disruption. They’re better positioned to innovate and thrive. And they’re likely to be richer in opportunity.
The Index of State Dynamism (ISD) combines seven economic indicators into a single measure of a state’s dynamism each year going back to 1992. Explore the data state by state and over time below.
The New Map of Economic Growth and Recovery Report
The New Map of Economic Growth and Recovery Report surveys the economic landscape emerging from the Great Recession and compares it to previous recovery periods. This report identifies the geography and strength of job creation and new business formation, as well the overall collapse in the number of new firms in the economy.
Reps. Kelly, Kildee, Miller, Sewell reintroduce Opportunity Zones Transparency, Extension, and Improvement Act
WASHINGTON, D.C. — Today, U.S. Representatives Mike Kelly (R-PA), Chairman of the Ways and Means Subcommittee on Tax, Dan Kildee (D-MI), Carol Miller (R-WV), and Terri Sewell (D-AL) introduced the Opportunity Zones Transparency, Extension, and Improvement Act, legislation that would require mandatory data reporting of Opportunity Zone investments to increase transparency and streamline the reporting process. The bill would also extend the investment and deferral window to the end of 2028, providing a longer time horizon to drive more investment into high-impact projects in low-income communities.
You can read more here.