ImpactAlpha | ImpactAlpha
Feb. 8, 2018
Photo by Joshua Ness on Unsplash
Greetings, ImpactAlpha readers!
#Featured: The New Revivalists
Turning capital gains into community investments. The Investing for Opportunities Act tucked into the recent US tax bill could draw billions of dollars in private capital to low-income communities in every state. Meet the policy wonks who made it happen.
John Lettieri, a Democrat, and Steve Glickman, a Republican, founded the Economic Innovation Group to bring fresh thinking to the challenge of mobilizing private capital to rebuild American cities and rural communities. “The herd is working against these places,” Lettieri and Glickman told ImpactAlpha. “What this program can help create is a herd effect that benefits low-income areas rather than works against them.”