Heard on the Street: OZone rules released, the importance of entrepreneurship, and the future of CDFIs

By April 22, 2019 Heard on the Street

Heard on the Street – here’s what we were reading last week:

Treasury Issues Rules on Tax Breaks for Opportunity Zones: The Trump administration released regulations on Wednesday that could help venture capitalists, Native American tribes and entrepreneurs benefit from a new tax incentive meant to encourage investment in struggling communities.

Reinvigorating Entrepreneurship Is Key To America’s Economic Future: The fact that entrepreneurship is declining in the United States, and has been for some time, is one disconcerting trend that, if not reversed, will lead to a less prosperous future.

LISC expands impact investing strategy with $1M commitment to SustainVC fund: The Local Initiatives Support Corporation (LISC) has committed to invest $1 million in SustainVC Impact Fund II, a $25 million fund supporting early-stage companies focused on social and environmental impact.

The Past, Present, and Future of Community Development Financial Institutions: 80 cents out of every dollar the CDFI Fund put out in capital over its first 20 years went to nonprofit loan funds, while less than 20 percent went to banks and credit unions. In recent years, the CDFI Fund has made efforts to reduce barriers for credit unions.