Blog: Economic Development
Innovation within the Impact Investing Space is Driving Inner City Revitalization
Impact investing is a double bottom line investment approach that looks to generate a competitive rate of return while investing funds into projects that will have a positive social, economic or environmental impact. There are now at least $114 billion worth of impact investing assets under management, according to a recent survey conducted by the Global Impact Investing Network (GIIN), a group of charities, banks, foundations, insurance companies and asset managers dedicated to increasing impact investing. Read More
Grocery Stores Growing into Their Role as Inner City Economic Catalysts
From urban agriculture to kitchen incubators, many forms of food-related enterprises can act as catalysts for inner city job growth and business development. While the direct impact of grocery stores is more commonly considered part of the broader discussion around food deserts, they too can have significant economic effect on their local communities. Read More
Shifting State-Level Economic Development Tools towards Strategic Investments
The traditional approach to state-level economic development has often included a reliance on tax incentives. Yet, research examining these state-level practices has documented their relative ineffectiveness, and increasingly, states are shifting their economic development strategies. Read More
New Advocates on the Scene to Support the Maker Movement
A common misperception about the Maker Movement is that it is limited to crafters and hobbyists with only a narrow impact on local and regional economies. While some makers are indeed hobbyists, the movement also includes many active and nascent entrepreneurs who are interested in commercializing their products. These products can range widely, from jewelry and leather goods, to craft beer and artisanal bread, to drones and mini robots. Read More
San Francisco Fed: Workforce development may help boost business formation
This article originally appeared on SSTI.org From Main Street businesses to technology startups, research has shown the rate of new business formation in the United States has plummeted since the 1970s. In the past year, the Digest has frequently cited research from the Economic Innovation Group (EIG), the Kauffman Foundation, and the Federal Reserve on the impacts of declining ... Read More