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Opportunity Alabama’s efforts have served to turn Alabama into an epicenter for OZ-driven investment, underscored by the presence of Los Angeles Mayor Eric Garcetti at the announcement of the American Life Building project, as well as a national summit on OZ impact tracking that was held in Birmingham this past week.
Source: Economic Innovation Group (2018 Distressed Community Index)
Thanks to the work of the Economic Innovation Group, Accelerator for America, and the Local Initiatives Support Corporation, there are more ways for participants to share best practices, but philanthropic support of capacity-building organizations will be critical to the program’s long-term success.
For community leaders to build a case for investments... they need access to timely data insights about what's actually happening in their Opportunity Zones at a neighborhood level. That is why Mastercard and Accelerator for America, a non-profit formed by mayors and leaders to fight economic insecurity, have joined forces to provide 50 American cities with data insights and tools to develop investment prospectuses that will attract inclusive investments to their Opportunity Zones.
Philly Skyline
Katz has been intimately involved with the nonprofit Accelerator for America, the brainchild of Los Angeles Mayor Eric Garcetti, which brings Silicon Valley-like support in the form of networks, mentorship, and capital to civic entrepreneurs on the front lines of building ladders to the middle class. Their slogan reads: “With Washington broken, local innovators are taking action.”
Smart Mobility
"Cities are always working to harness the power of technology for the public good. The Open Mobility Foundation will help us manage emerging transportation infrastructures, and make mobility more accessible and affordable for people in all of our communities," said Los Angeles mayor Eric Garcetti, who also serves as advisory council chair of Accelerator for America, which showcased the MDS platform early on."
Summit is part of Accelerator's work with Kansas City to make sure that OZ's bring inclusive growth to underserved areas, not just private sector returns KANSAS CITY, MO -- Accelerator for America Director of Economic Development and Opportunity Zones Aaron Thomas, and Accelerator Partner and policy expert Bruce Katz will attend the Kansas City Opportunity Zone Investor Summit in Kansas City, Missouri on June 26 and 27. The summit which was developed in collaboration with Accelerator partner Bruce Katz and led by the Ewing Marion Kauffman Foundation, will bring investors and entrepreneurs together with local policymakers, experts, and community leaders to ensure that investments in Opportunity Zones benefit their local residents.
City View
Local priorities have been brought to the forefront of the debate by economic development leaders in Birmingham, Lafayette, and Erie, the mayors involved with Accelerator for America, and the industry-wide U.S. Impact Investing Alliance.
Jordanbruening [CC BY-SA 4.0 (]
Listen to Accelerator for America Partner and policy expert Bruce Katz speak about the Accelerator's Investment Prospectus work with Kansas City and how they are taking advantage of their Opportunity Zones to build inclusive growth.
IE View
At the May 10 summit, City of Los Angeles Mayor Eric Garcetti announced the additions of two “opportunity zone” dealmakers: one for Inland Southern California and the other for the Central Valley. The dealmakers will work to develop long-term prospectuses and build larger frameworks for drawing investments in their respective regions. They’ll receive financial support from the James Irvine Foundation and technical assistance from Accelerator for America...