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Reducing poverty without community displacement: Indicators of inclusive prosperity in U.S. neighborhoods

September 13, 2022

If you live in a U.S. city, you are probably only a few miles away from a neighborhood with concentrated poverty—and there's a good chance that you are even closer.Neighborhoods with concentrated poverty are defined as census tracts where at least 30% of residents live in poor households. They are found in every medium and large metropolitan area in the United States. It does not matter what region a city is in, nor does it matter if local and state leaders are Democrats or Republicans. The presence of these residential areas is universal.Around one in 15 people in the United States lives in a neighborhood with concentrated poverty—equal to over 20 million people in total. This includes nearly one in five Black people and one in eight Latino or Hispanic people.Previous research has shown that places with high rates of poverty are deeply harmful. People who grow up in neighborhoods with concentrated poverty earn less money in early adulthood and are incarcerated far more often. Children born in these areas are projected to die 5.7 years earlier than those in other neighborhoods.Leaders need better solutions to assist these areas. Fortunately, in recent years, new data and advanced analytical tools have emerged that can offer new insights about these places. This report takes advantage of these opportunities to share three findings demonstrating that positive change is possible.

Entrepreneur-Led Economic Development: A New Strategy for Generating Local Growth and Productivity

May 19, 2021

The best way for local governments to foster economic development is to support entrepreneurship. Policymakers should focus on the small group of growth-oriented companies—often, but not always, in the technology sector—that can successfully expand. This report outlines a comprehensive approach, which we call "entrepreneur-led economic development," for working with these important companies. The goal is to create feedback loops between entrepreneurial leaders and other local decision makers and to cultivate networks that connect successful entrepreneurial leaders with future growth-oriented founders who can use their guidance to grow.