The federal Opportunity Zone program offers the chance to invest in entrepreneurs in overlooked communities. A central animating theme of the American dream is that anyone with an idea can launch their own business. This entrepreneurial energy makes enormous contributions to society by addressing unmet needs, improving lives and solving pressing problems. These entrepreneurs also serve as an economic engine for communities by creating jobs that lift people out of poverty.
U.S. Launch of Pope Francis’ Scholas Occurrentes
I had the privilege of participating in the event where Pope Francis inaugurated the new headquarters in Vatican City of Scholas Occurrentes. The event was also used to serve as a ceremonious launch for the U.S. chapter based in Los Angeles. I’m honored to be part of the advisory board and look forward to the important discussions that will emerge from this work.
The Credentialing Maze
Credentials have become the coinage of the realm as labor markets demand higher levels of skills and experience. What was once confined to high school diplomas and college degrees has now become an ever-expanding range of credentials offered by schools, post-secondary institutions, apprenticeships, certifications programs, and boot camps. Unfortunately, there has been little data on what credentials exist, how portable they are, and which employers recognize them.
The non–profit Credential Engine has taken the first step in filling this information gap. It recently released a report containing what is believed to be the most comprehensive count of credentials in the labor market, finding a staggering 738,428 unique credentials that include…
9-11 Tribute of Light Flight
I’ve had the chance to do a few aerial flights with FLYNYON and loved experiencing the city from a different perspective. But nothing prepared me for the beauty of the city at night, nor how powerful it would be to see the Tribute of Light on the 18th anniversary of the horrific attacks of 9/11. Incredible tribute to those lost, but also a symbol of resolve and resiliency.
On Safari in South Africa
Pictures from a recent trip to South Africa visiting andBeyond’s Phinda Lodge, Londolozi, and Jabulani. Incredible experience learning about important conservation efforts to protect species, including elephants and rhinos. And a very powerful experience visiting the Apartheid Museum and several places that played important roles in Nelson Mandela’s journey.
Education Policy Notice on Opportunity Zones
Department of Education grants could boost these community projects that are tailored to local needs. Schools and universities are anchor institutions for many communities and can play a critical role in helping children climb out of poverty. The Department deserves credit for prioritizing Opportunity Zones as a way of ensuring that grant dollars reach the communities that need them most, and where they will have the biggest impact on children’s lives.
DeVos Seeks to Align Education Grants With Trump-Backed Economic Initiative
"We in education have just so siloed ourselves from these broader economic and development conversations, we're potentially missing our generation's largest economic development program," Bailey said in an interview. "Even if a school never takes in one cent of Opportunity Fund investments, there's all sorts of ways [for communities] to leverage Opportunity Funds to build out grocery stores, food options, stable housing. ... There's a lot of those types of investments that have direct education benefits."
The Education Opportunity in Opportunity Zones
The Opportunity Zones program is the largest community-development initiative in a generation, but its success isn’t guaranteed. Policymakers, mayors, community leaders, investors, developers, and philanthropic organizations will have to work together to get the best results for Opportunity Zone residents. If education leaders pursue these investment opportunities, they, too, can benefit from the program—and ensure better outcomes for those in distressed communities for generations to come.
Refreshed regulations may give Opportunity Zones new life
The Opportunity Zone program received a considerable boost last week with several announcements during a White House convening of mayors, state policymakers, investors, and community organizations. Secretary of the Treasury Steven Mnuchin announced a second tranche of proposed regulations for the Opportunity Zone program, this time clarifying how Qualified Opportunity Funds can be used for business investment in struggling communities. He also announced a new process to explore reporting requirements. Additionally, HUD Secretary Ben Carson released the implementation plan for the White House Opportunity and Revitalization Council.