Over 3.5 Billion Blocked … And Counting: T-Mobile Hosts Scam ‘Block Party’ to Raise Awareness July 11, 2019 What’s the news The Un-carrier’s industry-leading technology has now blocked 3.5 billion scam calls and warned customers of 15 billion ‘Scam Likely’ calls. Now, T-Mobile is hosting a virtual ‘Block Party’ on July 15th to raise awareness…
By: David Hutter June 26, 2019 12:18 pm Newark Mayor Ras Baraka and New Jersey Institute of Technology President Joel Bloom used the occasion of the June 26 New Jersey Alliance for Action Inaugural Statewide 5G Construction/Smart Cities Conference to tout the technology infrastructure that wires the state’s largest city. Newark Mayor Ras Baraka. “The…
Opportunity Zones are designed to incentivize new equity investments in low-income communities nationwide. All of the underlying incentives relate to the tax treatment of capital gains, and all are tied to the longevity of an investor’s stake in a qualified Opportunity Fund. There are three core tax incentives: Temporary deferral: A temporary deferral of inclusion…
Restoring Reporting Requirements Key to Defending Opportunity Zones’ Promise BY SHAY HAWKINS May 20, 2019 The United States has now seen 94 consecutive months of positive job growth, highlighting the strength of the overall economy. Despite this tremendous economic progress, however, some communities stay disconnected from the benefits of this expansion. Even in otherwise prosperous…
The Economic Innovation Group (EIG) welcomed bipartisan Congressional action to affirm the importance of investment transparency in Opportunity Zones, and reinstate impact and outcome reporting measures from the Investing in Opportunity Act. In the Senate, Senators Cory Booker (D-NJ), Tim Scott (R-SC), Maggie Hassan (D-NH), and Todd Young (R-IN) introduced a bill (S. 1344) that would establish a reporting framework for investments in Opportunity…
PUBLISHED MON, MAY 6 2019 9:00 AM EDTUPDATED MON, MAY 6 2019 10:04 AM EDT R. Paul Herman, CEO, and Noah Strouse, investment analyst, at HIP Investor KEY POINTS More than $2 trillion in unrealized gains sit on the ledgers of investors and corporations, according to the Economic Innovation Group. Investing these funds directly in 8,700 Opportunity…
Trump and Democrats Agree to Pursue $2 Trillion Infrastructure Plan WASHINGTON — Democratic congressional leaders emerged from a meeting at the White House on Tuesday and announced that President Trump had agreed to pursue a $2 trillion infrastructure plan to upgrade the nation’s highways, railroads, bridges and broadband. Senator Chuck Schumer, the minority leader, said…
Darnell Sutton: A message. HW President / CEO, Darnell Sutton
The Federal Communications Commission (FCC) will be facilitating $20.4 billion of investments into high-speed broadband networks across rural America over the next 10 years, FCC Chairman Ajit Pai announced during a briefing with President Trump on April 12. To distribute those funds, the FCC will create the Rural Digital Opportunity Fund, which will provide funding…
This article is the second in a new EIG Authors Series in which we explore policy issues and ideas with experts from diverse backgrounds and across the ideological spectrum. Here, Alan Mallach, a senior fellow at the Center for Community Progress discusses his recent book, The Divided City: Poverty and Prosperity in Urban America. Mallach’s…
Darnell Sutton attends DC Mayor Bowser’s Annual March Madness 2019 Washington DC Mayor Bowser Hosts Annual March Madness 2019 Event Leveraging the Opportunity Zone Program Today, Mayor Muriel Bowser and Deputy Mayor for Planning and Economic Development (DMPED) Brian Kenner hosted the fifth annual March Madness, a special preview of new and upcoming development projects…
HUD No. 19-010 HUD Public Affairs (202) 708-0685 FOR RELEASE Thursday February 14, 2019 Federal funding to support education and employment among HUD-assisted families WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $74 million to hundreds of public housing authorities across the country to continue helping public housing residents participating…
HWDC is… Minority, Majority Controlled and operated consortium company that was formed by seasoned corporate executives from all major industry’s along with hand selected partnerships with Investment Banks, Global Capital Funds, Public Financial and Wealth Management Firms, Construction Engineering / Building Companies, federal agencies, state and local governments, non-profits, faith-based organizations, and housing authorities…
HUD No. 19-008 HUD Public Affairs (202) 708-0685 FOR RELEASE Friday February 8, 2019 WASHINGTON – The U.S. Department of Housing and Urban Development today awarded $202 million in FY18 Continuum of Care (CoC) Program grants to support new homeless programs across the country, including nearly $50 million to projects dedicated to assisting survivors…
87th Mayors Conference Winter 2019
Darnell Sutton attends United States Conference of Mayors Winter Conference 2019 Darnell Sutton attends United States Conference of Mayors Winter Conference 2019
When the Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, 2017 (P.L. 115-97), it opened the possibility for tax-incentivized investments into economically-distressed communities, designated as Qualified Opportunity Zones (QOZ), in every state and territory. Taxpayers with unrealized capital gains may be able to sell or dispose of their appreciated assets…
Q. What is an Opportunity Zone? A. An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as Opportunity Zones if they have been nominated for that designation by the state and that nomination has been certified by the Secretary of the U.S.…
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