• Two national initiatives are designed to encourage more inclusive and equitable economic development within cities. The Equitable Economic Development Fellowship (EED) from the National League of Cities (NLC), PolicyLInk and the Urban Land Institute is a two-year effort to help equity, transparency, sustainability and community engagement become driving forces in local economic development efforts. With support from the Surdna Foundation and Open Societies Foundation, NLC and its partners are providing technical assistance to cities “to help them pursue more equitable and inclusive economic development policies and programs in traditionally underserved communities.” Participating...

  • Economic development groups increasingly use both financial and non-financial incentives (including specialized services) to support businesses in their communities.  A new report* from the National Conference of State Legislatures (NCSL) describes a variety of state policies to support entrepreneurs, including financial incentives and other types of business services. Capital and IncentivesDirect Investment -- Quasi-public corporations provide venture capital to companies. Investments often have economic development goals (job creation or investment in targeted areas) as well as expectations of financial return. CAPCOs -- Certified Capital Companies (CAPCOs) are state-certified investment companies that sell insurance...