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Blog: Economic Development

03-23-17

HUD’s Section 108 Loan Guarantee: A Flexible Tool for Inner City Economic Development

ICIC

The federal Department of Housing and Urban Development (HUD) is perhaps best known for its affordable housing programs or programs to help disadvantaged residents find safe, secure housing alternatives. These programs are critically important for our inner cities, as are HUD’s financing tools that help fill developers’ capital stacks when building new housing. Read More


03-16-17

Bipartisan Legislation Looks to Boost Private Investment in Distressed Communities

ICIC

Sometimes it feels as though there is nothing our policymakers in Washington can agree upon. But amid the discord affecting our nation’s capital is a glimmer of hope: Senators Tim Scott (R-SC) and Cory Booker (D-NJ), and Congressmen Pat Tiberi (R-OH) and Rob Kind (D-WI) have reintroduced legislation that would incentivize the private sector to make long-term investments aimed at improving distressed communities. Read More


02-16-17

Three different models of inclusive entrepreneurship all have one thing in common

ICIC

Women and minorities are significantly less likely to start businesses than their peers. This is a problem for inner cities, where minorities make up more than two-thirds of the population. In other words, our inner cities are exactly where entrepreneurship is needed most. A number of organizations have launched initiatives aimed at increasing the number of women and minorities in the entrepreneurial ecosystem. Read More



01-18-17

Allentown’s special tax district too attractive for investors to ignore

ICIC

In 2009, Pennsylvania State Senator Pat Browne passed a bill that created a special taxing district to incentivize new development to support the attraction and growth of businesses in Allentown, a once vivacious industrial city that sits just Northwest of Philadelphia. The area, designated a Neighborhood Improvement Zone (NIZ), has so far benefited from the tax incentive’s unique structure and attractiveness to the private sector. Read More


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